(a) As soon as practicable after a return is filed under this article, the finance director shall examine it.

(b) If it appears that the correct amount of tax to be remitted is greater or less than that shown in the return, the tax shall be recomputed.

(c) If the amount paid exceeds that which is due, the finance director shall authorize a credit within 90 days after such overpayment is discovered. Such credit shall be equivalent to the amount of taxes overpaid, plus interest computed at an annual rate equal to the average earnings rate on the investment portfolio of the city for the preceding month. Also, where a taxpayer has reason to believe that he or she has paid taxes in excess of the amount which is due, such taxpayer may submit a written claim to the finance director for a refund or credit of such overpaid taxes. Such claim must be submitted within three years of the date of the original remittance. Any claim for refund under this section shall be in writing and shall be accompanied by a statement of facts, including the amount of refund due, upon which such claim is based. Otherwise, such claim shall be subject to the review and hearing procedures for taxes paid under dispute as set forth in section 130-63(b).

(d) If the amount paid is less than the amount due, the difference, together with a penalty and interest thereon, shall be paid by the taxpayer within 30 days after notice of assessment is issued to said taxpayer by the finance director. Such notice shall be subject to the review and hearing procedures set forth in section 130-64. (Code 1979, § 36-20; Ord. No. 2012-19, § 1, 5-7-2012)