Adding Missed Property to Tax Rolls and Penalties

If any real property, including, but not limited to, parcels, lots, subdivisions, condominiums, or improvements has been omitted from the assessment lists, the Director shall add to the lists the omitted property for the current year and up to two prior years. Notice of the action shall be given to the owner, if known, within 10 days after the assessment or addition, by mailing the same addressed to him or her at his or her last known place of residence. Any owner desiring a review of the corrected assessment or the corrected addition may appeal to the Board of Review by filing with the Director a written notice thereof in the manner prescribed in Sec. 5A-12.9 at any time within 30 days after the date of mailing the notice of the corrected assessment or the corrected addition.For the purpose of determining the date of delinquency of taxes pursuant to assessments under this Section, such taxes shall be deemed delinquent if not paid within 30 days after the date of mailing of the notice of assessment, or if assessed for the current assessment year, within 30 days after the date of mailing the notice or on or before the next installment payment date, if any, for such taxes, whichever is later; provided that if taxes are assessed for the current tax year and if the assessment is mailed by the Department at least 30 days prior to the due date of the first installment, referenced to in Sec. , the taxpayer may elect to pay 50% of the taxes due for the current tax year on or by the first installment due date and the remaining 50% on or by the second installment due date. Said taxes will be deemed delinquent after each respective due date referred to in Sec. .There shall be added to the amount of delinquent taxes, a penalty of up to 10% of such delinquent taxes as determined by the Director, which penalty shall be and become a part of the tax and be collected as a part thereof.All delinquent taxes and penalties shall bear interest at the rate of 1% for each month or fraction thereof until paid, beginning with the first calendar month following the calendar month designated for payment. The interest shall be and become a part of the tax and be collected as a part hereof.No taxpayer shall be exempt from delinquent penalties by reason of having made an appeal on his or her assessment, but the tax paid, covered by an appeal duly taken, shall be held in a trust account as provided in Sec. 5A-12.12.