What is the interest rate charged on my tax bill?
Category:
Taxes
Interest is charged at a rate of 1 ½% per month from the due date (July 1 and January 1). To calculate your interest due, you would take the tax outstanding and multiply it by 1 ½% for each month that you are behind. (Example: If you are paying your bill in August, you would multiply the tax by 3%, if September, you would multiply the tax by 4 ½%)
Updated 5/18/2016 12:51 PM