Carroll County, VA Semiannual Payment of Real Estate Tax

Annual real estate taxes assessed within the County shall be paid in two equal semiannual installments, the first installment being due and payable on or before June 20 of the taxable year, and the second or remaining installment shall be due and payable on or before December 5 of the taxable year.

Any such taxes remaining unpaid on the first day following the day such taxes are due to be paid shall be delinquent and a penalty shall be applied in the amount of 5%, which shall be added to the amount of taxes or levies due from such taxpayer, in accordance with § 58.1-3915 of the Code of Virginia, 1950, as amended.

In addition to the penalty provided herein, interest shall accrue on any such taxes remaining unpaid on the first day following the day such taxes are due, to be paid at the rate of 10% per annum, which shall be added to the amount of taxes or levies due from such taxpayer. Second and subsequent years of delinquency shall result in interest being imposed by the Treasurer at the rate established pursuant to § 6621 of the Internal Revenue Code of 1954, as amended, or 10% per annum, whichever is greater, for the second and subsequent years of delinquency. No penalty for failure to pay a tax or installment shall exceed (i) 10% of the tax past due on such property or (ii) $10, whichever is greater.