Section 489-JJJJ. Tax lien; interest rate

1.  All taxes plus interest
  required  to  be  paid  retroactively  pursuant  to  this  title   shall
  constitute  a  tax  lien  as of the date it is determined such taxes and
  interest are owed.  All interest shall be calculated from the  date  the
  taxes  would  have been due but for the exemption, abatement or deferral
  claimed pursuant to this title at three per centum above the  applicable
  rate  of interest imposed by such city generally for non-payment of real
  property tax on such date.
    2. All taxes for which payment is deferred pursuant  to  section  four
  hundred eighty-nine bbbb of this title shall constitute a tax lien as of
  the  date  they are due and payable in accordance with the provisions of
  that section.