§ 77157 Late Payment Penalties

• •If you don't pay your assessment on time, you'll owe extra money.
• •You have to pay a 10% penalty on the amount you owe.
• •You also have to pay 1.5% interest every month on the amount you haven't paid yet.

A farmer is supposed to pay a $1,000 assessment but forgets to pay on time.

The farmer will have to pay a $100 penalty (10% of $1,000) plus 1.5% interest every month on the $1,000 until it's paid.