Is there a penalty for late tax payments?

                                                

The township grants a 10 day grace period. If the 10th of the month falls on a weekend or a holiday, the grace period will be extended to the next working day.

 Any taxes remaining unpaid after the grace period are subject to interest at the rate of 8% per annum on the first $1,500.00 and 18% per annum for any amount over $1,500.00 retroactive to the first of month. 

A penalty of 6% will be charged on any delinquency in excess of $10,000 in not paid by the end of the fiscal year.