IMPORTANT NOTICE ABOUT TAG TRANSFERRING
Beginning with the 2001 tax year, anyone not having paid on personal property (vehicles are personal property) once in any tax year will be taxed for that personal property (vehicle), even though a tag has been transferred. All personal property is taxable unless it is exempt from taxation and can only be paid once in any tax year.
CAREFULLY READ STATE LAWS CONCERNING TAG TRANSFERRING.
Property which Is taxable.
All real and personal property in this State, personal property of residents of this State which may be kept or used temporarily out of the State, with the intention of bringing it into the State shall be subject to taxation.
Procedure in case of suspected evasion or false return of personal property; notice to taxpayer; examination under oath.
If the county auditor shall suspect or be informed that any person has evaded making a return, has made a false return or has not made a full return of his personal property for taxation or that the valuation returned is less than it should have been, according to the rules prescribed by this chapter, he shall at any time before the settlement with the treasurer for the year, notify such person to appear before him at his office at a time fixed in such notice, together with such other person or persons as the auditor may desire to examine and such person, together with anywitness called, shall be examined by the auditor under oath, touching the personal property and the value thereof of such person and everything which may tend to show the true amount such person should have returned for taxation.
§ 12-37-800. Penalty for failure to list real or personal property; penalty for making false return, understating tax liability; or disregarding rules.
(A) If a person fails to list the real or personal property required by law to be listed in any one year, the value of the property may be charged against the person for taxation with ten percent penalty added, and the taxes and penalty collected as in other cases.
(B) In addition to any other penalty, a person who intentionally makes a false return, willfully attempts to understate tax liability, or recklessly or intentionally disregards applicable rules or regulations must be assessed a penalty equal to twenty-five percent of the taxes due.
§ 12-37-2630. Property tax returned to be filed prior to application for motor vehicle license.
When a motor vehicle is first taxable in a county, the owner or person having control of the vehicle shall make a property tax return of it prior to applying for a license. The return shall be made to the auditor of the county in which the owner or person having control of the motor vehicle resides. If the motor vehicle is used in a business the return shall be made to the auditor of the county in which the motor vehicle is situated, that being the county and city of principal use of the vehicle. The return shall be signed under oath and shall set forth the county, school district, special tax district and municipality in which the vehicle is principally used.
§ 12-37-271 0.
Returns for personal property registered with state agencies.
Except as provided in §12-37-2630, no return shall be required by State law to be registered with an agency of the State. The provisions of this section shall be effective for tax years beginning after December 31, 1980.
Frequency of ad valorem taxation on personal property.
Notwithstanding any other provisions of law, no personal property may be taxed for ad valorem purposes more than once in any tax year.