Rev 2004.01 — Source 3100: Revenue From Taxes

Revenues
from taxes shall be classified into the following accounts:
(a) Account
3110, property taxes, classification shall be for compulsory charges levied for
village district purposes on the assessed valuation of real property
located within the village district; and
(b) Account
3190, interest and penalties on delinquent taxes, classification shall be for:
(1) Amounts
assessed as penalties for the payment of taxes after their due date; and
(2) The
interest charged on delinquent taxes from their due date to the date of actual
payment.
Source. #5454, eff 8-28-92; ss by #6809, eff 7-21-98;
ss by #8686, eff 7-21-06; ss by #10675, eff 9-24-14 (from