Statutes, codes, and regulations
Tennessee Code
Title 69 - WATERS, WATERWAYS, DRAINS AND LEVEESChapter 5 - DRAINAGE AND LEVEE DISTRICTS
Part 8 - LEVY AND COLLECTION OF ASSESSMENTS
Section 69-5-818 - Date assessments become delinquent - Penalty and interest

Tenn. Code § 69-5-818

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Current through Acts 2023-2024, ch. 1069
Section 69-5-818 - Date assessments become delinquent - Penalty and interest

The assessment levied under this chapter shall become due and payable, and shall be delinquent at the same time as state and county taxes become due and delinquent. On November 15 after such assessments become delinquent, a penalty of ten percent (10%) of the amount of such assessments shall accrue on the delinquency, and in addition such assessments shall bear interest at the legal rate from the date they are delinquent until paid, to pay the cost of collecting them so as to hold the district harmless.

T.C.A. § 69-5-818

Acts 1909, ch. 185, § 32a, as added by Acts 1923, ch. 73, § 2; 1925, ch. 93, §1; Shan. Supp., § 3871a122b2; Code 1932, § 4353; T.C.A. (orig. ed.), § 70-1322; T.C.A. § 69-6-818.