Adams County, WI Article II Interest and Penalty on Delinquent Accounts

[Adopted 9-26-1989 by Ord. No. 13-1989]

§ 40-2 Interest rate. [1]

The interest rate on delinquent personal property taxes, general property taxes, special assessments, special charges and special taxes included in the tax roll for collection is 1% per month or fraction of a month.

[1] Editor's Note: Amended at time of adoption of Code (see Ch. 1, General Provisions, Art. II).

§ 40-3 Penalty allowed. [1]

Pursuant to § 74.47(2), Wis. Stats., there is hereby imposed a penalty of up to 0.5% per month or fraction of a month, in addition to the interest under § 40-2 above [§ 74.47(1), Wis. Stats.], on any delinquent personal property taxes, general property taxes, special assessments, special charges and special taxes included in the tax roll which are delinquent on the effective date of this article.

[1] Editor's Note: Amended at time of adoption of Code (see Ch. 1, General Provisions, Art. II).

§ 40-4 Distribution.

A. All interest and penalties collected by the County Treasurer on payments of real property taxes and special taxes shall be retained by the County Treasurer for the County, pursuant to § 74.47(3)(a), Wis. Stats.

B. All interest and penalties on payments of delinquent special assessments and special charges collected by the County Treasurer shall be retained by the County Treasurer for the County, pursuant to § 74.47(3)(b), Wis. Stats.

§ 40-5 Effective date.

This article shall be effective January 1, 1990, and prior to said date shall be published as provided by law.