Alameda Municipal Code § 3-20 Reassessment

Whenever any property in this City is damaged or destroyed by misfortune or calamity the following provisions shall apply:

a. Any person who at 12:01 a.m. on the immediately preceding March 1 was the owner of or had in his/her possession, or under his/her control, any taxable property, or who has acquired such property after such date and is liable for the taxes thereon for the fiscal year commencing the immediately following July 1, which property was thereafter damaged or destroyed, without his/her fault, by a misfortune or calamity may file an application for the reassessment of the property.

b. The application must be executed under penalty of perjury, or if executed outside the State, verified by affidavit, and filed with the Assessor within thirty (30) days of the effective date of this section, or within sixty (60) days of the occurrence of the misfortune or calamity. The application shall include:

1. Description or identification of the property damaged or destroyed;

2. A showing that the damage is in excess of one thousand ($1,000.00) dollars;

3. Facts and circumstances surrounding the damage or destruction of the property; and

4. Description of the condition and value, if any, of the property immediately after the damage.

c. Upon receipt of the application for reassessment, the Assessor shall effect such reassessment and give notice of proposed reassessment as provided for in Section 155.13 of the California Revenue and Taxation Code.

d. If no such application is made and the Assessor determines that the full cash value of such property for the assessment year is reduced from the full cash value of such property for the immediately preceding assessment year by more than one thousand ($1,000.00) dollars due to the damage or destruction caused by the misfortune or calamity, the Assessor shall notify the property owner that the property will be reassessed. The Assessor shall assess the property, or reassess it if it has already been assessed, as provided for in Section 155.13, Revenue and Taxation Code.

e. Reassessments made pursuant to this section and Section 155.13 of the Revenue and Taxation Code shall be subject to equalization in the same manner as assessments made outside the regular assessment period.