Provisional assessment allows provisional tax payment when value or rate is uncertain, subject to bond and interest obligations.

Where a taxable person cannot determine the value or tax rate, they may request provisional assessment; the proper officer may allow provisional payment at a specified rate or value upon receipt of a written request. Provisional assessment is conditional on execution of a prescribed bond with surety or security binding the person to pay any difference between provisional and final tax. The proper officer must complete final assessment within the statutory period, with specified extensions, and interest is payable on any tax due under the provisional assessment until actual payment; refunds arising from final assessment attract interest as provided.

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