BEGIN:VCALENDAR
VERSION:2.0
PRODID:Durham County Calendar Creator
METHOD:PUBLISH
BEGIN:VEVENT
DTSTAMP:20160728T120152
DTSTART:20160802T000000
DTEND:20160802T235900
SUMMARY: Begin new interest rate on delinquent taxes.
DESCRIPTION:Transferred from Monday\, August 1. Begin new interest rate on delinquent taxes. G.S. 105-360(a).
§ 105-360. Due date; interest for nonpayment of taxes; discounts for prepayment; interest on overpayment of tax.
(a) Taxes levied under this Subchapter by a taxing unit are due and payable on September 1 of the fiscal year for which the taxes are levied. Taxes are payable at par or face amount if paid before January 6 following the due date. Taxes paid on or after January 6 following the due date are subject to interest charges. Interest accrues on taxes paid on or after January 6 as follows:
(1) For the period January 6 to February 1\, interest accrues at the rate of two percent (2%).
(2) For the period February 1 until the principal amount of the taxes\, the accrued interest\, and any penalties are paid\, interest accrues at the rate of three-fourths of one percent (3/4%) a month or fraction thereof.
X-ALT-DESC;FMTTYPE=text/html:Transferred from Monday, August 1. Begin new interest rate on delinquent taxes. G.S. 105-360(a).

\r\n **§ 105-360.** Due date; interest for nonpayment of taxes; discounts for prepayment; interest on overpayment of tax.

\r\n (a) Taxes levied under this Subchapter by a taxing unit are due and payable on September 1 of the fiscal year for which the taxes are levied. Taxes are payable at par or face amount if paid before January 6 following the due date. Taxes paid on or after January 6 following the due date are subject to interest charges. Interest accrues on taxes paid on or after January 6 as follows:

\r\n (1) For the period January 6 to February 1, interest accrues at the rate of two percent (2%).

\r\n (2) For the period February 1 until the principal amount of the taxes, the accrued interest, and any penalties are paid, interest accrues at the rate of three-fourths of one percent (3/4%) a month or fraction thereof.

LOCATION:
CLASS:PUBLIC
END:VEVENT
END:VCALENDAR