Any person making a material misstatement of fact in any application filed pursuant
to this division shall be liable for all taxes, in such amounts and at such times
as if such property had been assessed on the basis of fair market value as applied
to other real estate in the taxing jurisdiction, together with interest and penalties
thereon, and such person shall be further assessed with an additional penalty of one
hundred (100) percentum of such unpaid taxes.
(Ord. No. 2282, § 141; Ord. No. 5591-01, § 1)
