Question: What happens if I do not pay my tax bill? Answer: Tax payments must be received on or before the due date to avoid interest charges. If payment is not made within 30 days of the original date of mailing, the account will begin to accrue interest at the rate of 14% computed from the date the bill was due.A demand notice will be sent and a demand fee of $5.00 is charged against the account. Please note that the demand notices are only sent on the 4th quarter bills.When property is mortgaged, the property is transferred to a creditor to be used as secured collateral on a loan.