Boonville Penalty for nonpayment or delinquent payment of real and/or personal property tax ordinance (§ 2-4.1)

(a) Any person, corporation or entity subject to taxation by the City of Boonville, Missouri, who shall fail to pay the tax duly assessed against said person by the city for real and/or tangible personal property by the 31st day of December shall pay, in addition to said tax, a penalty of two per cent per month of the total amount of delinquent tax. Said penalty shall be prorated as of the date of payment and, in any event, shall not exceed the rate of 18 per cent per year.

(b) In addition to the penalty set forth in subsection (a), all persons or corporations failing to pay real and/or personal property taxes by December 31 shall pay a fee equal to two per cent of the total tax bill each year to cover administrative costs of collecting such delinquent tax. Provided, however, that said administrative fee shall be a minimum of $1.50 per year.