Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2013
 

Property Tax Annotations


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P

680.0000 PROPERTY STATEMENT

Annotation 680.0030

680.0030 Failure to File. The ten percent penalty for failure to file an annual property statement is applicable where:

1. A statement has not been requested, property at multiple locations within the county has a total cost over $30,000, no assessment has been enrolled, and no statement has been filed. Upon discovery, the penalty applies to all the unreported property. If the taxpayer had voluntarily filed a statement for one of the locations, the unreported property would be treated as an escape, but the penalty would not apply.

2. A statement has been requested, but no statement has been filed. A request by the assessor is a request for reporting all property in the county by location, and the penalty applies to all the unreported property. LTA 8/22/1979 (No. 79/144).

Note: Stats. 1996, Ch. 1087 changed $30,000 threshold to $100,000.