(a) Property tax payments may be payable in two installments, if so voted by the Village in accordance with State law. If the due date of any installment falls on a Saturday, Sunday, or holiday, the property tax due date shall be the following business day.

(b) Property tax payments received after the due date or postmarked later than the due date, shall be considered delinquent and shall be subject to collection fees and interest charges in the amount established by State law. If the Village votes to make property tax payments payable in installments, any installment received after the due date or postmarked later than the due date shall be considered delinquent and shall be subject to collection fees and interest charges in the amount established by State law.