Legal Documents of Pittman Center

Code of Pittman Center

Table of Contents » Title 5 Municipal Finance and Taxation » Chapter 2 Real Property Taxes » § 5-202 When delinquent--penalty and interest.
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Title 5
5-1
Title 5, Chapter 1
5-101
§ 5-101
Pittman Center
Title 5 : Municipal Finance and Taxation
Chapter 2 : Real Property Taxes

5-202 : When delinquent--penalty and interest.[3]

All real property taxes shall become delinquent on and after the first day of March after they become due and payable. If not paid such taxes become delinquent on the first day of March following the date they are due and payable. To all delinquent property taxes a penalty of one-half of one percent (.5%) and interest of one percent (1%) shall be added on the delinquency date and on the first day of each succeeding month until paid.4 (2000 Code, § 5-202)

Footnotes:
--- (3) ---

Charter and state law reference
Tennessee Code Annotated, § 67-5-2010(b) provides that if the county trustee collects the municipality's property taxes, a penalty of one and one and one-half percent (1.5%) and interest of one percent (1%) shall be added on the first day of March, following the tax due date and on the first day of each succeeding month.

Charter and state law references
A municipality has the option of collecting delinquent property taxes any one (1) of three (3) ways:
(1) Under the provisions of its charter for the collection of delinquent property taxes.
(2) Under Tennessee Code Annotated, §§ 6-55-201--6-55-206.
(3) By the county trustee under Tennessee Code Annotated,
§ 67-5-2005.