§ 30-61. Installment payment of tax on tangible property.

Pursuant to authority contained in O.C.G.A. § 48-5-23, the collection and payment of ad valorem taxes on tangible property located in the county, such taxes being all ad valorem taxes due the state, county, and county board of education, shall be made in two installments. These taxes shall be based on the current final tax digest as approved by the board of commissioners. There shall be a single billing for the current tax year on July 1; the first installment on such taxes shall be one-half the entire amount due for the year and shall become due 60 days from the date of billing. The second installment on such taxes shall be one-half of the entire amount due for the year and shall become due on November 15. An installment shall become delinquent on the day following its appropriate due date and, upon becoming delinquent, shall be subject to a penalty of five percent. That part of the entire amount of the tax bill due which is unpaid after November 15 shall be subject to interest at the rate specified in O.C.G.A. § 48-2-40 from December 21 until paid.

(Code 1987, § 7-20; Res. of 12-29-1987)