Tax Division Quarterly Interest Rate


Interest continues to accrue until paid in full. Interest is calculated as follows:
12% simple interestfrom July 1, 1982 through October 30, 1991
11% interest compounded quarterlyfrom October 31, 1991 through June 30, 2006
11.25% interest compounded quarterlyfrom July 1, 2006 through September 30, 2007
11% interest compounded quarterlyfrom October 1, 2007 and quarterly thereafter