Why do I have a 10% penalty note on my tax bill for my vessel?

Either the Assessor’s request to file a valid statement was not received by May 7th, or no statement was received. California Revenue and Taxation Code section 463 mandates that a late filing penalty of 10% of the assessed value be added for valid statements not timely filed by May 7th. The Assessment Appeals Board is the only authority with the ability to abate a penalty for late filing.

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1. Why do I have to pay taxes on my vessel?
2. I paid the sales tax when I purchased the vessel and paid registration fees to the Department of Motor Vehicles. Why am I paying taxes again?
3. Why is my vessel being assessed in Placer County when I take it to many locations?
4. My vessel was stored or located in the State of Nevada on the lien date of January 1. Why do I have to pay California taxes?
5. Why do I have a 10% penalty note on my tax bill for my vessel?
6. Can my taxes be prorated?
7. I filed bankruptcy. Why do I have to pay the tax?