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 |
| 4/1/2011 |
Current |
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% |
| 7/1/2006 |
12/31/2007 |
0.67% |
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-05 |
| |
Filing Due Date |
3/20/2005 |
| |
Delinquent As Of |
4/1/2005 |
| |
Interest Starts to Accrue |
4/30/2005 |
| |
Payment Made |
11/30/2005 |
| |
6 Months interest at 1% |
4/05-9/05 |
| |
1 month interest at 0.58% |
10/05 |