§ 23-29. Misstatements in application filed under article or change in facts stated in such application prior to date of assessment.

(a)

In the event of a material misstatement of facts in an application submitted under this article or a material change in such facts prior to the date of assessment, such application for taxation based on use assessment granted thereunder shall be void and the tax for such year extended on the basis of fair market value, as applied to other real estate in the county.

(b)

Any person making a material misstatement of fact in any application filed pursuant to this article shall be liable for all taxes, in such amounts and at such times as if such property had been assessed on the basis of fair market value, as applied to other real estate in the county, together with interest and penalties thereon. If such material misstatement was made with intent to defraud the county, he shall be further assessed with an additional penalty of one hundred (100) percent of such unpaid taxes.

(Code 1977, § 9-15)

State Law reference— Similar provisions, Code of Virginia, §§ 58.1-3234, 58.1-3238.

(Code 1977, § 9-15)

State law reference

Similar provisions, Code of Virginia, §§ 58.1-3234, 58.1-3238.