At Monday’s Administration Committee meeting, County Assessor Jim Rooney presented a proposal to amend an Ordinance for Reassessment of “Substantially Destroyed Property”. The Ordinance addresses property that has lost value as a result of misfortune or calamity through no fault of the owner. Updates to this ordinance primarily address the minimum dollar amount of damages and the period in which to apply for reassessment of taxes. These changes will bring the county into compliance with the State Revenue and Taxation Code. Currently, reassessments of taxable property with a minimum of 5,000 dollars worth of damage must be done within two weeks of the initial damage. The new minimum is set at 10,000 dollars with a 6 month filing period. The suggested changes were approved by Supervisor Forster. The resolution will be voted on by the Board of Supervisors.
Tuesday, 12 February 2008 10:24