Tennessee § 69-5-818 Date assessments become delinquent - Penalty and interest

Tennessee Statutes

§ 69-5-818 — Date assessments become delinquent - Penalty and interest

Tennessee § 69-5-818

Title69

This text of Tennessee § 69-5-818 (Date assessments become delinquent - Penalty and interest) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 69-5-818 (2026).

Text

The assessment levied under this chapter shall become due and payable, and shall be delinquent at the same time as state and county taxes become due and delinquent. On November 15 after such assessments become delinquent, a penalty of ten percent (10%) of the amount of such assessments shall accrue on the delinquency, and in addition such assessments shall bear interest at the legal rate from the date they are delinquent until paid, to pay the cost of collecting them so as to hold the district harmless.

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The assessment levied under this chapter shall become due and payable, and shall be delinquent at the same time as state and county taxes become due and delinquent. On November 15 after such assessments become delinquent, a penalty of ten percent (10%) of the amount of such assessments shall accrue on the delinquency, and in addition such assessments shall bear interest at the legal rate from the date they are delinquent until paid, to pay the cost of collecting them so as to hold the district harmless.

Legislative History

Acts 1909, ch. 185, § 32a, as added by Acts 1923, ch. 73, § 2; 1925, ch. 93, §1; Shan. Supp., § 3871a122b2; Code 1932, § 4353; T.C.A. (orig. ed.), § 70-1322; T.C.A. § 69-6-818.