Sec. 18-52.4. Abatement of taxes on buildings razed, destroyed or damaged.
The city assessor shall, upon application made as hereinafter provided, abate the current tax on any building which is razed or destroyed or damaged by a fortuitous happening beyond the control of the owner. However, no such abatement shall be allowed if the destruction or damage to such building shall decrease the value thereof by less than five hundred dollars ($500.00). Also, no such abatement shall be allowed unless the destruction or damage renders the building unfit for use and occupancy for thirty days or more during the tax year. The tax on such razed, destroyed or damaged building is computed according to the ratio which the portion of the year the building was fit for use, occupancy and enjoyment bears to the entire tax year. Application for such abatement shall be made by or on behalf of the owner of the building within six months of the date on which the building was razed, destroyed or damaged. (Ord. No. O-01-132, 7-10-01, eff. 7-1-01)
Last updated date: 10/23/2006 4:15:21 PM