The tax rate fixed for property on the roll on which the property so reassessed appeared
at the time of the misfortune or calamity, shall be applied to the amount of the reassessment
as determined in accordance with this chapter and the Assessee shall be liable for:
(1) a prorated portion of the taxes that would have been due on the property for the
current fiscal year had the misfortune or calamity not occurred, such proration to
be determined on the basis of the number of months in the current fiscal year prior
to the misfortune or calamity; plus, (2) a proration of the tax due on the property
as reassessed in its damaged or destroyed condition, such proration to be determined
on the basis of the number of months in the fiscal year after the damage or destruction,
including the month in which the damage was incurred. If the damage or destruction
occurred after January 1 and before the beginning of the next fiscal year, the reassessment
shall be utilized to determine the tax liability for the next fiscal year provided,
however, if the property is fully restored during the next fiscal year, taxes due
for that year shall be prorated based on the number of months in the year before and
after the completion of restoration.
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