Terms Used In 11 Guam Code Ann. § 24616

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
As soon as possible after receipt of the completed roll, the tax collector shall prepare a tax bill for each assessee. The tax bill shall specify:

(a) The amount of the assessment; (b) The amount of tax levied;
(c) The amount of each installment;

(d) The beginning and end of the fiscal year for which the tax is levied;

(e) The description to the property;

(f) A notice that if taxes are unpaid it will be necessary to pay penalties;

(g) The rates of computing delinquent penalties and redemption penalties.

SOURCE: GC § 19368.