A. If any person neglects or refuses to file a return or make payment of the taxes as required by this chapter, the City Finance Director shall make an estimate, based upon such information as may be reasonably available, of the amount of taxes due for the period or periods for which the taxpayer is delinquent, and upon the basis of such estimated amount, compute and assess in addition thereto (1) interest on such delinquent taxes, at the rate of one percent (1%) per month, or fraction thereof from the date when due and, (2) a late fee equal to ten percent (10%) thereof. Any such interest due may be compounded quarterly.
B. The City Finance Director shall give the delinquent taxpayer written notice of such estimated taxes, late fees, and interest, which notice must be served personally or by certified mail.
C. Such estimate shall thereupon become an assessment, and such assessment shall be final and due and payable from the taxpayer to the City Finance Director ten (10) days from the date of service of the notice or the date of mailing by certified mail; however, within such ten (10) day period the delinquent taxpayer may petition the City Finance Director for a revision or modification of such assessment and shall, within such ten-day period, furnish the City Finance Director the facts and correct figures showing the correct amount of such taxes.
D. Such petition shall be in writing, and the facts and figures submitted shall be submitted in writing and shall be given under oath of the taxpayer.
E. The City Finance Director may then modify such assessment in accordance with the facts which he or she deems correct. Such adjusted assessment shall be made in writing, and notice thereof shall be mailed to the taxpayer within ten (10) days; and all such decisions shall become final upon the expiration of thirty (30) days from the date of service, unless proceedings are commenced within that time for appeal in the District Court.