Updated October 28, 2016. Exterior walls can be finished with a wide array of materials and techniques. Exterior wall finishes can produce significant savings for the contractor as well as for the building occupant and there are many options that will protect you from fire, heat, snow and that can save some money to you.
When Is Penalty Interest Payable? Penalty interest is payable when money is due, but is not paid by the due date. This means that late payment of deposit or late payment of the balance of the purchase price at settlement will usually give rise to an obligation to pay penalty interest.
The penalty assessed for failure to file or pay by the tax due date is 10% of the tax amount due. Interest is assessed at 10% per annum (or 10% per year) on the total of the tax amount due plus. the penalty. Interest accrues on the balance due daily until the date of payment. In addition, the. failure to pay personal property, including machinery & tools taxes, within 60 days of the tax due.