Application and Review

The following provisions of this Section shall govern the application for, granting of, and review of exemptions under §§ 24401(c), 24401(d), 24402 and 24408.

(a)Claim. A claim for exemption must be filed with the assessor listing the property involved, in such form and containing such information as the assessor shall prescribe. No exemption shall be allowed unless the claim therefor is filed on or before the fifteenth

(15th)day of March of each year for which the exemption is claimed, except that once a claim is filed it shall have continuing effect as a new claim for the exemption for each subsequent year, unless it is disallowed or voided.

(b)Report of Change. Whenever a person has filed a claim for exemption covering any property, it shall be his duty, in the event he ceases to be the owner, or ceases to occupy the same as his home, or in the event of any change in the facts previously reported in his claim as to the use of the property pertaining to his entitlement to an exemption, to make a report thereof within thirty

(30)days after any such event occurs.

(1)Such report shall have the effect of voiding the claim for exemption previously filed.

(2)The report shall be sufficient if it identifies the property involved and states that the claim for exemption previously filed may be voided. CH. 24 REAL PROPERTY TAX

(3)In the event the property comes into the hands of a fiduciary, the fiduciary shall make the report within thirty

(30)days after his assumption of fiduciary duties.

(4)Any person who is under a duty of making a report under this Subsection and who fails to do so within the time required by law, shall be liable personally to a civil penalty, in the amount of TwentyFive Dollars ($25.00). In addition to this penalty, real property taxes, including penalties and interest, shall be assessed against the property.

(c)Notwithstanding the provisions of Subparagraph

(a)above, claims for a home exemption for 1974 shall be filed on or before the fifteenth day of September 1974.