Sec. 2-101. When taxes due.[53]
The city treasurer shall commence to receive taxes on personal
property, machinery and tools and merchant's capital as soon as
he receives copies of the commissioner's books and shall continue
to receive the same without addition of a penalty up to and
including the fifth day of December of each year. Likewise, the
treasurer shall commence to receive taxes assessed on real estate
as soon as practicable in each year. Beginning with the year 1974
and in each subsequent year, fifty percentum of each such real
estate tax assessment shall be payable not later than June 5, and
the remaining fifty percentum shall be payable not later than
December 5. (Code 1959, § 2-101; 11-14-73, § 1.)
