1. (a) Except as provided in subsection (b) of this section, interest is calculated on and charged against the total tax liability on property.
2. (b) When payments of property tax have been made, interest is calculated on and charged against the total tax liability on the property, less the amount of the payments.

Added by Acts 1985, c. 8, § 2, eff. Feb. 1, 1986. Amended by Acts 1990, c. 641.