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immediately after the assessment thereof , and shall <br /> be collected by said City Collector immediately <br /> after the receipt by him from the Assessor of the <br /> certified copies of said Personal Property Assessment <br /> provided herein . The taxes on personal property <br /> unsecured by real property shall be computed at the <br /> tax rate last fixed and established prior to the <br /> assessment of said personal property . All personal <br /> property taxes unsecured by real property are <br /> delinquent on August 31st of each year at 5 o ' clock <br /> p . m. and if not paid prior to that time , a delinquent <br /> penalty of 8% shall be added thereto . <br /> Section 2 . This ordinance shall be effective thirty ( 30 ) <br /> days after its adoption , provided however , that the provisions <br /> of this ordinance shall become operative only as to current <br /> taxes which become a lien on property on and after January 1 , <br /> 1954 , <br /> • <br /> 2 <br />