State law requires the imposition of penalties and interest when an account becomes delinquent as follows:

Interest: 1% (one percent) of the outstanding levy is added monthly beginning the first month of delinquency. Interest continues accumulating until the levy is paid.

Penalty: 6% (six percent) of the levy due is added for the first month of delinquency. 1% (one percent) of the levy due is added each month for months 2 through 5 of delinquency. 2% (two percent) of the levy due is added beginning the 6th month of delinquency.

Penalty for collection costs: 20% (twenty percent) of levy and penalties and interest due is added on April 1st for personal property and July 1st for real property of the year the tax becomes delinquent.