§ 20-86. Misstatements in application.

(a)

Any person making material misstatements of fact in any application filed pursuant hereto 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, together with interest and penalties thereon. He shall also be assessed with an additional penalty of one hundred (100) percent of such unpaid taxes, if the misstatement was made with the intent to defraud the town.

(b)

For purposes of this section, incorrect information on the following subjects will be considered material misstatements of fact:

(1)

The number and identities of the known owners of the property at the time of application;

(2)

The actual use of the property.

The intentional misrepresentation of the number of acres in the parcel or the number of acres to be taxed according to use shall also be considered a material misstatement of fact for the purposes of this section.

(Ord. No. 316)

(Ord. No. 316)