What is the penalty for late payments?
Interest on overdue property charge accounts is applied at a rate of 1.5% per month and is calculated on a daily basis after the May 31st, August 31st, and November 30th instalment due dates. Please note that for 2008, interest on overdue property charges will not be applied until after June 20, 2008.
Related Questions
- Will I be assessed penalty, interest, or late charges if I fail to make estimated payments and/or fail to timely file a RITA return and remit any balance due by the due date?
- Who can keep the monthly interest and late penalty that is imposed before March 1 on late State Education Tax (SET) payments?
- What is the penalty for late tax payments and when is it added?
