Chapter 5.16 — REASSESSMENT OF DAMAGED OR DESTROYED PROPERTY

REASSESSMENT OF DAMAGED OR DESTROYED PROPERTY

The duties and responsibilities of the Merced County assessor shall be as set forth in California Revenue and Taxation Code Section170 and all other applicable provisions of state law. As such, the assessor may initiate reassessment where the assessor determines that within the preceding 12 months taxable property located in the county was damaged or destroyed. (Ord. 816, 1976; Ord. 1443, 1992; Ord. 1688 § 1, 2002)

Any person who, at 12:01 a.m. on the immediately preceding January 1st had possession or control of taxable property within Merced County, or any person who acquired such property after such date and is liable for the taxes thereon for the fiscal year commencing the immediately following July 1st, which property is thereafter damaged or destroyed, without his or her fault, by a misfortune or calamity, may apply for reassessment of such property by delivering to the Merced County assessor a written application showing the condition and value, if any, of the property immediately after the damage or destruction, which damage must be shown to be in excess of $10,000.

(Ord. 816, 1976; Ord. 1443, 1992; Ord. 1688 § 1, 2002)

The application must be filed within 12 months of the occurrence of the misfortune or calamity causing the damage to, or destruction of, the property. The application shall be executed under penalty of perjury; or if executed outside the state of California, verified by affiant. (Ord. 816, 1976; Ord. 1688 § 1, 2002)