Is the day of payment of tax title included in interest calculation?

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Multiple Choice

Is the day of payment of tax title included in interest calculation?

Interest on delinquent taxes is calculated for every day the amount remains unpaid, from the day after the due date through and including the day you pay. This means the day you actually make the payment is counted in the interest calculation, since you’re being charged for the use of funds up to that payment date. For example, if a bill is due on January 1 and you pay on January 5, interest would be calculated for January 2, 3, 4, and 5 (assuming those days are within the delinquency period). If the payment is made on time, there is no delinquency and no interest accrues. The same principle applies to tax titles—the day of payment is included in the interest calculation.

Interest on delinquent taxes is calculated for every day the amount remains unpaid, from the day after the due date through and including the day you pay. This means the day you actually make the payment is counted in the interest calculation, since you’re being charged for the use of funds up to that payment date. For example, if a bill is due on January 1 and you pay on January 5, interest would be calculated for January 2, 3, 4, and 5 (assuming those days are within the delinquency period). If the payment is made on time, there is no delinquency and no interest accrues. The same principle applies to tax titles—the day of payment is included in the interest calculation.

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