TEMPE INTEREST RATE
Effective October 1, 2005, Tempe's interest rate changed to be the same as the interest rate charged by the State of Arizona Arizona Interest Rate Table . This rate is subject to change on a quarterly basis. Accrued interest is compounded every December 31st.
The interest rates in effect are:
|
Tax Delinquent As of:
|
Tax Delinquent To:
|
Monthly Interest Rate
|
Annual Interest Rate
|
| 10/1/2011 |
Current |
0.25% |
3% |
| 4/1/2011 |
9/30/2011 |
0.3333% |
4% |
| 1/1/2011 |
3/31/2011 |
0.25% |
3% |
| 4/1/2009 |
12/31/2010 |
0.3333% |
4% |
| 1/1/2009 |
3/31/2009 |
0.4166% |
5% |
| 10/1/2008 |
12/31/2008 |
0.50% |
6% |
| 7/1/2008 |
9/30/2008 |
0.4166% |
5% |
| 4/1/2008 |
6/30/2008 |
0.50% |
6% |
| 1/1/2008 |
3/31/2008 |
0.58% |
7% |
| 7/1/2008 |
12/31/2007 |
0.6667% |
8% |
| 10/1/2005 |
6/30/2006 |
0.58% |
7% |
| 5/1/1990 |
9/30/2005 |
1% |
12%
|
| 1/1/1968 |
4/30/1990 |
1.5% |
18% |
Example:
Report Period Feb-11
Filing Due Date 3/20/2011
Delinquent As Of 4/1/2011
Interest Starts to Accrue 4/30/2011
Payment Made 11/30/2011
6 Months interest at 0.3333% 4/11-9/11
1 month interest at 0.25% 10/11