§ 6-474. Application of payments.

Any payment or remittance required under the provisions of a locally imposed and administered tax, and received by the village for a tax period, shall be applied to the debt due and owing to the village in the following order:

(1)

First, to the interest due for the applicable period.

(2)

Second, to the tax due for the applicable period.

(3)

Third, to any penalty or late payment fees for the applicable period.

(Code 1993, § 6-11.6; Ord. No. 2001-O-24, 4-10-2001)