[Adopted 12-23-1976 by Ord. No. 344 (Ch. 22, Part 4, of the 1973 Code of Ordinances)]
A. 
For all taxes due and owing to the Borough of Kenhorst where payment is made by the taxpayer of the whole amount of said tax within two months from the date of tax notice, the taxpayer shall be entitled to deduct from said tax amount a discount of 2%.
B. 
Any taxpayer who shall fail to pay any tax assessed against him by the Borough of Kenhorst for a period of more than four months from the date of the tax notice shall have added by the Tax Collector to the tax amount due and owing a penalty of 10%, to be collected by the Tax Collector in addition to the amount set forth on said tax notice, effective for the 1977 tax year and thereafter.