If I cannot pay by the deadline, will additional charges be added?
If the tax due is not paid by the deadline, an assessment will be issued with updated interest and penalty. The statutory interest rate will apply to any unpaid tax due.
A late payment penalty will be applied for unpaid balances, and a failure to file penalty may also be applied.
The table below shows the interest rates for 2000 through 2010.
| Year |
Rate |
| 2010 |
4%
|
|
2009
|
5%
|
|
2008
|
8%
|
|
2007
|
8%
|
|
2006
|
6%
|
|
2005
|
5%
|
|
2004
|
4%
|
|
2003
|
6%
|
|
2002
|
7%
|
|
2001
|
9%
|
|
2000
|
8%
|
|
|
|
|
|
|
|
|
|
|
|
|
|