(A) Any property which has not been listed for taxation for any year in which it is taxable, by the time the county’s Board of Supervisors completes its work for that year, shall be deemed omitted property.
(B) Omitted property may be assessed retroactively within five years from the date when it becomes omitted, but the lien thereby accruing on any such property, except real property, shall not prejudice the rights of bona fide purchasers required in the meantime.
(C) Penalties and interest shall be applied to omitted property as if it had been originally assessed.
(Prior Code, § 37.07) (Ord. 317, passed 9-5-1967)