§ 14-401

(a) If a person fails to submit the reports required in § 11-101 or § 11-102 of this article, the Department shall value the person’s personal property based on any information the Department can obtain and assess the personal property at not more than twice the estimated value.

(b) An assessment under subsection (a) of this section does not excuse the person whose personal property is assessed from liability for:

(1) property tax or other tax; or

(2) a tax penalty or other penalty imposed by law.