11 Guam Code Ann. § 24409
Terms Used In 11 Guam Code Ann. § 24409
- Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
- Fiduciary: A trustee, executor, or administrator.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(a) Claim. A claim for exemption must be filed with the assessor listing the property involved, in such form and containing such information as the assessor shall prescribe. No exemption shall be allowed unless the claim therefor is filed on or before the fifteenth (15th) day of March of each year for which the exemption is claimed, except that once a claim is filed it shall have continuing effect as a new claim for the exemption for each subsequent year, unless it is disallowed or voided.
(b) Report of Change. Whenever a person has filed a claim for exemption covering any property, it shall be his duty, in the event he ceases to be the owner, or ceases to occupy the same as his home, or in the event of any change in the facts previously reported in his claim as to the use of the property pertaining to his entitlement to an exemption, to make a report thereof within thirty (30) days after any such event occurs.
(1) Such report shall have the effect of voiding the claim for exemption previously filed.
(2) The report shall be sufficient if it identifies the property involved and states that the claim for exemption previously filed may be voided.
(3) In the event the property comes into the hands of a fiduciary, the fiduciary shall make the report within thirty (30) days after his assumption of fiduciary duties.
COL 7/27/2023
11 Guam Code Ann. FINANCE & TAXATION
CH. 24 REAL PROPERTY TAX
(4) Any person who is under a duty of making a report under this Subsection and who fails to do so within the time required by law, shall be liable personally to a civil penalty, in the amount of Twenty- Five Dollars ($25.00). In addition to this penalty, real property taxes, including penalties and interest, shall be assessed against the property.
(c) Notwithstanding the provisions of Subparagraph (a) above, claims for a home exemption for 1974 shall be filed on or before the fifteenth day of September 1974.
SOURCE: GC § 19330.8; Paragraph (c) added by P.L. 12-162.
2018 NOTE: Subitem designations added in subsection (b) pursuant to authority by 1 Guam Code Ann. § 1606.