| penalty interest | 2% on all current outstanding taxes applied 30 days after mailing of current tax notice or July 1 (whichever is later); then 2% on first business day of each month thereafter until paid in full | "a two percent (2%) penalty on all current outstanding taxes shall be applied thirty (30) days after the date of mailing" |
scout note
Prescribes penalties for late payment of municipal taxes in Rainbow Lake.