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(C) At the hearing the local tax administrator shall preside and shall hear testimony and <br /> accept any evidence relevant to the tax determination, audit or assessment. The strict rules of <br /> evidence applicable to judicial proceedings shall not apply. <br /> (D) At the conclusion of the hearing, the local tax administrator shall make a written <br /> determination on the basis of the evidence presented at the hearing. The taxpayer or tax <br /> collector shall be provided with a copy of the written decision. <br /> 10. INTEREST AND PENALTIES. In the event a determination has been made that a <br /> tax is due and owing, through audit, assessment or other bill sent, the tax must be paid within the <br /> time frame otherwise indicated. <br /> (A) Interest. The City hereby provides for the amount of interest to be assessed on a late <br /> payment, underpayment, or nonpayment of the tax, to be five percent (5%) per annum, based on <br /> a year of 365 days and the number of days elapsed. <br /> (B) Late Filing and Payment Penalties. If a tax return is not filed within the time and <br /> manner provided by the controlling tax ordinance, a late filing penalty, of five percent (5%) of <br /> the amount of tax required to be shown as due on a return shall be imposed; and a late payment <br /> penalty of five percent (S%) of the ta�c due shall be imposed. If no return is filed within the time <br /> or manner provided by the controlling tax ordinance and prior to the City issuing a notice of tax <br /> delinquency or notice of tax liability, then a failure to file penalty shall be assessed equal to <br /> twenty-five percent (25%) of the total tax due for the applicable reporting period for which the <br /> return was required to be filed. A late filing or payment penalty shall not apply if a failure to file <br /> penalty is imposed by the controlling ordinance. <br />