Penalty and interest are charged at 1.25% monthly (15% per annum), applied the day after an instalment is due also applied the first business day of each month on all past due balances.
Late payment charges are set in accordance with current legislation and cannot be waived. If payment in full is not received by the instalment due date, a property tax arrears notice will be issued. Failure to receive a bill does not excuse the home owner from payment responsibility.