Sec. 74-3. - Waiver of interest on overdue tax payments

(a)

The tax collector is hereby authorized to waive the interest for one quarter's payment and to reinstate quarterly tax payments on a resident's overdue tax payment if all of the following conditions are satisfied by the taxpayer:

(1)

The property subject to the overdue payment is the residence of the taxpayer and has been for at least five consecutive years; and

(2)

The request for a waiver of interest is in writing signed and dated by the taxpayer; and

(3)

The taxpayer has made timely payments of taxes to the city for the five years immediately preceding the tax payment which is overdue. The burden of proof of timely payments shall be upon the taxpayer.

(4)

The bill for which the payment is overdue was issued less than two years prior to the date of the request for a waiver of interest.

(b)

In no event shall the waiver of interest on a tax bill exceed $500.00. Decisions of the tax collector shall be in writing and contain a notice of the city council claim procedure. If the taxpayer receives an adverse decision from the tax collector, then within ten days of the decision of the tax collector, the taxpayer may file a claim for reimbursement of the interest with the city council.

(Ord. No. O-01-6, § I, 4-24-01)