WHO MAY FILE. An organization or society which is the owner of
real or tangible personal property, except licensed motor vehicles.
To qualify for exemption:
1. The property is owned and used exclusively for agricultural and horticultural
societies; or
2. The property is:
a. Owned by educational, religious, or charitable organizations, or any organization
for the exclusive benefit of any such educational, religious, or charitable organization,
b. Used exclusively for educational, religious, or charitable purposes,
c. Not owned or used for financial gain or profit to either the owner or user,
d. Not used for the sale of alcoholic beverages for more than 20 hours per week,
and
e. Not owned or used by an organization which discriminates in membership or employment
based on race, color, or national origin.
An organization must file an Exemption Application, Form 451 in years divisible by four, if new property
is acquired, or if property is converted to exempt use.
SIGNATURE. This form must be signed and dated by the authorized
representative.
WHEN AND WHERE TO FILE. The application must be filed on or before December 31, prior to each year evenly divisible by four with the assessor of the county wherein the property is subject to tax.
An organization failing to file on or before December 31, may file the application on or before June 30. If a late filing is made, the assessor shall assess a penalty
of 10 percent of the tax which would have been due had the statement not been filed OR one hundred dollars, whichever is less, for each calendar month or fraction thereof for which the filing of the application missed the December 31 deadline.