(1) The following penalties shall be imposed on any person who willfully files information required under s. 197.252 or s. 197.263 which is incorrect:
(a) Such person shall pay the total amount of taxes and interest deferred, which amount shall immediately become due;
(b) Such person shall be disqualified from filing a homestead tax deferral application for the next 3 years; and
(c) Such person shall pay a penalty of 25 percent of the total amount of taxes and interest deferred.
(2) Any person against whom the penalties prescribed in this section have been imposed may appeal the penalties imposed to the value adjustment board within 30 days after said penalties are imposed.