The Clerk-Treasurer shall have the power to make an estimated additional assessment, to which shall be added a penalty of 10% of the assessment, against any person who has filed any return as required by this chapter, but who refuses to permit the Clerk-Treasurer or a duly authorized deputy to examine his or her books of account and papers pertaining to the business for which the return was made. The Clerk-Treasurer shall promptly thereafter give or send by mail notice of the estimated additional assessment and penalty to the person, together with written notice of the time when and the place where the person may be heard on a petition for reassessment, as hereinafter provided.