What is this "Under 50 Penalty?"

A penalty of up to $25 will be added to taxes of $50 or less if not paid by June 15th, per Colorado statute.

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1. What are the penalties for late payment?
2. What is this "Under 50 Penalty?"
3. If I do not pay my tax bill, does it affect my credit rating?
4. What are the fees for a bad check?