City Tax Penalties

[SDH]

What is the maximum percentage that a city can penalize a company for a late tax payment. Example: If $1000 was due in a given year and the payment was late, can the city penalize the company 100% or $1000, so now the company would owe $2000? That seems extreme.

[Mr. Knowitall]

Laws vary by state and country, and penalties may vary by the nature of the tax under discussion. Also, penalties, interest and late fees can add up quickly.