As of the date of any change in majority ownership, sale, or substantive change in use of any property subject to a tax exemption or deferral under this chapter and Chapter 8.12 FNSBC, the Borough shall revoke such tax exemption or deferral and require immediate payment of the property taxes thereby due. Any property owner who fails to notify the Borough Assessor of any such change in ownership, use, or sale by the date of such change in ownership, use, or sale shall be subject to a fine as set forth at Chapter 1.20 FNSBC per day for each day thereafter. (Ord. 2019-16 § 11, 2019; Ord. 2005-62 § 6, 2005; Ord. 2005-23 § 2, 2005. 2004 Code § 3.10.080.)