Section 63-1001 - EFFECT OF DELINQUENCY — INTEREST RATE.

ID Code § 63-1001 (2019) (N/A)
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63-1001. EFFECT OF DELINQUENCY — INTEREST RATE. To avoid delinquency, total payment must be made in full to the county tax collector by the due date. Any delinquency shall have the force and effect of a sale to the county tax collector as grantee in trust for the county of the property described. Any payment on a delinquency is, in effect, a partial redemption of the property from tax sale. Interest on a delinquency will be charged at one percent (1%) per month calculated from January 1 following the year the tax lien attached, provided however, that the interest shall not be charged on collection costs.

History:

[63-1001 added 1996, ch. 98, sec. 11, p. 381.]