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 Rev 2005.01); ss by #14072, eff 9-10-24