The Late File Penalty is assessed if the previous year's Personal Property Asset Listing was filed after the April 30th due date or not filed at all. The penalty is calculated at 5% of the tax amount due for each additional month, or fraction thereof, that the Personal Property Asset Listing was received after April 30th to a maximum of 25%. (RCW 84.40.130)Example: 2005 Listing received in August (4 months late)
2006 Tax Amount Due: $1,000.00
Late File Penalty: 20%
2006 Total Amount Due: $1,200.00