Section 14-705 - Tax penalty - When inaccurately reported property assessed.
§ 14-705. Tax penalty - When inaccurately reported property assessed.
If an escaped property assessment of personal property is made under § 8-417 of this article, an additional assessment penalty equal to 20% of the escaped property assessment shall be added to the assessment of the personal property.
[An. Code 1957, art. 81, § 34A; 1985, ch. 8, § 2.]