If personal property is not listed or if a rendition is untimely filed, the county appraiser is required by law to apply any applicable penalties based upon filing date:
• March 16 through April 15 - 5%
• April 16 through May 15 - 10%
• May 16 through June 15 - 15%
• June 16 through July 15 - 20%
• After July 16 until March 15 of the following year – 25%
• Failure to file within one year - 50%
• Fail to file, omitted or under-reported for more than one year - 50%
If a taxpayer fails or refuses to file a rendition or, if the rendition filed does not truly represent all the property, the county must investigate, identify, list and value such property for taxation.