[HISTORY: Adopted by the Town Council of the Town of Rocky Hill as indicated in article histories. Amendments noted where applicable.]
Article I Disclosure of Rental Income and Expenses
[Adopted 8-18-2014 by Ord. No. 268-14]
The owner of real property used primarily for purposes of producing rental income shall annually submit to the Tax Assessor, not later than the first day of June, the best available information disclosing the actual rental and rental-related income and operating expenses applicable to such property. The Tax Assessor shall prepare and make available a form for such purpose on or before April 15.
Any owner of such real property required to submit information to the Tax Assessor, in accordance with the above section for any assessment year, who fails to submit such information as required or who submits information in incomplete or false form with intent to defraud shall be subject to a penalty equal to an increase of 10% in the assessed value of such property for such assessment year.
The Tax Assessor shall waive such penalty if the owner of the real property required to submit the information is not the owner of such property on the assessment date for the grand list to which such penalty is added. If the owner of such real property demonstrates good cause as to why such owner was unable to timely submit such information, the Tax Assessor may waive such penalty upon receipt of such information, provided that such information is received no later than four months from the date such information was due, provided that for information due June 1, 2014, the period shall expire on October 1, 2014.