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How is penalty calculated?

April 26, 2017calculated penalty

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How is penalty calculated?

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Delinquent real estate taxes are subject to interest of one percent (1%) and penalty of one-half percent (1/2%) per month or fraction of a month, computed back to February 1. If any installment is delinquent, the total remaining unpaid balance becomes delinquent. Wisconsin Statutes Chapter 74.47, 74.12 (10), 74.12 (7)(8) www.legis.state.wi.us/rsb/stats.

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Posted

Delinquent real estate taxes are subject to interest of one percent (1%) and penalty of one-half percent (1/2%) per month or fraction of a month, computed back to February 1. If any installment is delinquent, the total remaining unpaid balance becomes delinquent. Wisconsin Statutes Chapter 74.47, 74.12 (10), 74.12 (7)(8). www.legis.state.wi.us/rsb/stats.