§ 120-060. DUTIES OF THE ASSESSOR

(1)

Upon receiving the proper application, the Assessor shall reappraise the property and determine separately the full cash value of land, improvements and personalty immediately before and after the damage or destruction. If the sum of the full cash values of the land, improvements and personalty before the damage or destruction exceeds the sum of the values after the damage by ten thousand dollars ($10,000.00) or more, the Assessor shall also separately determine the percentage reductions in value of land, improvements and personalty due to the damage or destruction. The Assessor shall reduce the values appearing on the assessment roll by the percentages of damage or destruction computed pursuant to this section, and the taxes due on the property shall be adjusted as provided in Section 120-090; provided, however, that the amount of the reduction shall not exceed the actual loss.

(2)

In those cases where a written application is not made by the Assessee as provided by Section 120-050, and where the Assessor has discovered property which may qualify for relief under this ordinance, and the Assessor determines that the property has in fact suffered damage caused by misfortune or calamity, the Assessor shall provide the last known owner of the property with an application for reassessment. The property owner in order to be accorded relief under this chapter, must file the completed application within 60 days of the notification by the Assessor. Upon receipt of a properly completed, timely filed application, the property shall be reassessed in the same manner as required in this section.

(3)

In lieu of the provisions of paragraph (2), if no application is made and the Assessor determines that within the preceding 12 months a property has suffered damage caused by misfortune or calamity, that may qualify the property owner for relief, the Assessor may reassess the property as provided in paragraph (1) of this section and notify the last known owner of the property of the reassessment.