The initial registration fee shall be $500 and must accompany the
registration form. The initial registration shall be valid for the
remainder of the calendar year in which the property is registered.
Renewals for subsequent calendar years shall run from January 1 to
December 31, and payment of the renewal registration fee shall be
due by January 15 of the relevant year. The fee for the first annual
renewal shall be $1,000; the fee for the second annual renewal shall
be $3,000; and the fee for the third and subsequent renewals shall
be $5,000. Registration fees and renewal fees will not be prorated
or refunded.