CHAPTER 11. TAXATION.

§11-3-5. Correction of previous property books; entry of omitted property.

The assessor, in making out the land and personal property books, shall correct any and every mistake he or she discovers in the books for any previous year.

When the assessor ascertains that any real or personal property in his or her county liable to taxation, other than that mentioned in the next succeeding paragraph, has been omitted from the land or personal property books for a period of less than five years, he or she shall make an entry of the property in the proper book of the year in which the omission was discovered and assess the same, according to the rule prescribed in section one of this article, and shall charge the same with all taxes chargeable against it at the rate of levy for the year or years the same was omitted, together with interest at the rate of six percent per annum for the years the same was omitted from the books: Provided, That if the taxpayer, including any person, firm or corporation, and excluding public service corporations, requires proof of payment of personal property taxes then the taxpayer shall file a listing of all personal property owned on the assessment date preceding the tax year or years for which proof must be shown. The assessor shall then create a supplemental assessment for the year or years required for proof of payment for all personal property taxes provided on the listing and present the supplemental assessment to the sheriff who shall apply the levy rate or rates for the year or years so assessed and prepare a tax bill and collect the taxes together with interest thereon at the rate of six percent per annum for the years the same was omitted from the books and any penalties included thereon: Provided, however, That any person who has been a resident of the state less than one year prior to the assessment date is not required to pay any interest or penalty.

And when the assessor ascertains that any notes, bonds, bills and accounts receivable, stocks and other intangible personal property in his or her county liable to taxation has been omitted from the personal property books for a period of five years or less after December 31, 1932, he or she shall make entry of the property in the personal property book of the year in which the omission was discovered and assess the same at its true and actual value, according to the rule prescribed in section one of this article, and shall charge the same with all taxes chargeable against it after the year last aforesaid at the rate of levy for the year or years the same was omitted after the year aforesaid, together with interest thereon at the rate of six percent per annum for the years the same was omitted from the books.

Any assessor failing to make an entry as in this section provided, when discovered by him or her or called to his or her attention by any taxpayer interested therein, shall forfeit $100.

Bills Affecting §11-3-5

2001 Regular Session: HB2544
2001 Regular Session: HB2544
2001 Regular Session: HB3118
2001 Regular Session: HB3219
2002 Regular Session: HB2544
2002 Regular Session: HB2544
2002 Regular Session: HB3118
2002 Regular Session: HB4363
2002 Regular Session: SB477
2003 Regular Session: SB538
2004 Regular Session: HB4047
2004 Regular Session: HB4393
2004 Regular Session: SB23
2004 Regular Session: SB23
2004 Regular Session: SB194
2004 Regular Session: SB261
2004 Regular Session: SB504
2004 Regular Session: SB504
2005 1X: HB103
2005 1X: HB103
2005 1X: SB1004
2005 1X: SB1004
2005 Regular Session: HB2540
2005 Regular Session: HB2554
2005 Regular Session: HB2931
2005 Regular Session: HB2999
2005 Regular Session: HB3226
2005 Regular Session: HB3231
2005 Regular Session: SB167
2005 Regular Session: SB167
2005 Regular Session: SB463
2005 Regular Session: SB724
2006 Regular Session: HB2540
2006 Regular Session: HB2554
2006 Regular Session: HB3231
2006 Regular Session: HB4531
2006 Regular Session: SB17
2006 Regular Session: SB117
2006 Regular Session: SB117
2006 Regular Session: SB651
2007 Regular Session: HB2721
2007 Regular Session: HB3100
2007 Regular Session: HB3141
2007 Regular Session: HB3145
2007 Regular Session: SB124
2007 Regular Session: SB455
2007 Regular Session: SB455
2007 Regular Session: SB600
2007 Regular Session: SB752
2007 Regular Session: SB752
2008 Regular Session: HB2721
2008 Regular Session: HB4684
2008 Regular Session: SB117
2008 Regular Session: SB117
2008 Regular Session: SB585
2008 Regular Session: SB585
2008 Regular Session: SB680
2008 Regular Session: SB689
2008 Regular Session: SB689
2009 Regular Session: HB2084
2009 Regular Session: HB3081
2009 Regular Session: HB3179
2009 Regular Session: SB371
2009 Regular Session: SB371
2009 Regular Session: SB442
2009 Regular Session: SB442
2009 Regular Session: SB484
2009 Regular Session: SB484
2009 Regular Session: SB610
2009 Regular Session: SB696
2009 Regular Session: SB727
2009 Regular Session: SB728
2009 Regular Session: SB755
2009 Regular Session: SB755
2010 Regular Session: HB2084
2010 Regular Session: HB3081
2010 Regular Session: HB4136
2010 Regular Session: HB4136
2010 Regular Session: HB4315
2010 Regular Session: HB4486
2010 Regular Session: SB127
2010 Regular Session: SB232
2010 Regular Session: SB232
2010 Regular Session: SB401
2010 Regular Session: SB401
2010 Regular Session: SB441
2011 Regular Session: HB3169
2011 Regular Session: SB518
2012 Regular Session: HB4088
2012 Regular Session: HB4088
2012 Regular Session: HB4628
2012 Regular Session: SB208
2012 Regular Session: SB208
2012 Regular Session: SB419
2013 Regular Session: HB2514
2013 Regular Session: HB2848
2013 Regular Session: SB182
2014 Regular Session: SB601
2015 Regular Session: HB2773
2015 Regular Session: SB281
2015 Regular Session: SB338
2018 1X: HB106
2018 1X: SB1006
2018 Regular Session: SB609
2018 Regular Session: SB618
2019 Regular Session: HB2941
2019 Regular Session: SB405
2020 Regular Session: HB2941
2020 Regular Session: HB4382
2020 Regular Session: HB4452
2020 Regular Session: HB4460
2020 Regular Session: HB4465
2020 Regular Session: SB655
2021 Regular Session: HB2096
2021 Regular Session: HB2244
2021 Regular Session: HB2496
2021 Regular Session: HB2581
2021 Regular Session: HB2893
2021 Regular Session: SB32
2021 Regular Session: SB445