Taxation - See Ch. 169.
Whenever there has been any improvement or construction with respect to buildings, dwellings or land located in the Borough, which buildings, dwellings or land is not otherwise exempt from taxation, and such improvement or construction has not been included in the tax duplicates of the Borough, the Borough Secretary is hereby authorized to request the authority responsible for assessment in the County to inspect and assess, subject to all rights of appeal and adjustment as provided by the General County Assessment Law, all taxable property in the Borough to which major construction and/or major improvements have been made, whereupon such property, improvements or construction shall then be added to the duplicate and shall be taxable for Borough purposes at the same rate as is all other taxable property located in the Borough at the assessed valuation for that proportional part of the calendar year remaining after the property was improved and/or the construction occurred.
Any property, improvement or other subject of taxation which may have been omitted shall be assessed and made subject to taxation for the period during which it was omitted, but in no event to exceed a period of five calendar years preceding the year in which the property, improvement or other subject of taxation is first added to the assessment roll.
Taxes levied on any such assessment shall not be made subject to the payment of any interest and penalties otherwise provided by law, except as the same are computed from the date of assessment made pursuant to this section, as follows:
When such improvement and/or construction is made during a month, the interim assessment shall be computed as having been made on the first day of the next succeeding month;
A 2% discount shall be granted on taxes paid by the end of the second month following the month during which the interim assessment was made;
Taxes paid after the end of the second month but before the fourth month following the month during which the interim assessment was made shall be paid at face; and
Taxes paid after the end of the fourth month following the month during which the interim assessment was made shall be subject to a penalty of ten percent of the face amount thereof.
No bona fide purchaser of any property or other subject of taxation, without knowledge that the property or other subject of taxation was omitted from assessment for purposes of taxation, shall be subject to any taxation based upon the additional assessment made pursuant to this section.