[Adopted 12-10-1979 by Ord. No. 440 as Sec. 8-47 of the 1979 Code]
A penalty of 6% per annum shall be imposed on the unpaid balance of real estate and/or personal property taxes due and owing by any citizens, corporation, partnership or other entity, to the Town of Johnston. This penalty is imposed only on the amount of the principal of the tax outstanding, and is not to be imposed on any interest accruing as the result of delinquent taxes.