<br><br>92.500 Assessment in wrong name in cities of fourth class -- Failure to give true list <br>of taxable property -- Omitted property. <br>(1) An assessment of any real property, in a city of the fourth class, in the name of a <br>person other than the true owner shall not be invalid, nor shall the lien of the tax be <br>affected thereby. The assessor or collector, upon learning of the error and after <br>notifying the true owner by mail, shall correct the assessment in this respect, and all <br>proceedings for the collection of the tax may then proceed, subject to the right of <br>the owner to have the valuation corrected at a meeting of the board of supervisors to <br>be called for that purpose. <br>(2) If any person fails to give a list of his taxable property when called on by the <br>assessor, or gives a false or fraudulent list, the assessor shall return him on his <br>books as a delinquent, and the District Court shall, upon application of the assessor, <br>issue a rule against the delinquent and compel true answers by process of contempt, <br>and adjudge against the delinquent the costs of the proceedings. <br>(3) If any property subject to taxation has not been listed, the city legislative body may <br>assess it, but not after more than five (5) years elapsed. <br>Effective: January 2, 1978 <br>History: Amended 1976 (1st Extra. Sess.) Ky. Acts ch. 14, sec. 109, effective January <br>2, 1978. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from <br>Ky. Stat. secs. 3534, 3540, 3542. <br><br>