§ 5.12.190. Personal property tax—Returns—Penalty for late filing or failure to file—Extensions granted when.

A.

Except as provided below in this paragraph A, if no return is filed as required by Section 5.12.180 or if the return is filed late, the taxpayer shall pay a penalty of 10 percent of any personal property tax thereafter levied, plus interest on the tax at 10 percent from the date the taxes would ordinarily come due. Owners of personal property acquired during the previous year who were not the owners of records for the previous year, and did not receive an annual reporting form from the assessor and subsequently failed to file a return with the assessor by February 15, shall have 30 days from the date of the first notification from the assessor before the 10 percent penalty shall be levied.

B.

The assessor may, on written application, grant extensions of time for filing for cause shown.

(Ord. No. 2016-28 , § 11, 8-23-16; Ord. No. 2000-55, § 2, 11-21-00; Ord. No. 88-34, § 7(part), 1988; Ord. No. 27, § 1, 1967; KPC § 25.05.077)