Destroyed property; reassessment
Sec. 11. (a) If a substantial amount of real and personal property
in a township has been partially or totally destroyed as a result of a
disaster, the department of local government finance shall:
(1) cause a survey to be made of the area or areas in which the
property has been destroyed; and
(2) order a reassessment of the destroyed property;
if a person petitions the department to take that action. The
department of local government finance shall specify in its order the
time within which the reassessment must be completed and the date
on which the reassessment will become effective. However, the
reassessed value and the corresponding adjustment of tax due, past
due, or already paid is effective as of the date the disaster occurred,
without penalty.
(b) The petition for reassessment of destroyed property, the
reassessment order, and the tax adjustment order may not be made
after December 31st of the year in which the taxes which would first
be affected by the reassessment are payable.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by P.L.2-1995,
SEC.22; P.L.90-2002, SEC.34.
Last modified: May 28, 2006