A. Tax Liability For Real Property Improvements: It is required as a condition to the issuance of a certificate of occupancy that an unexecuted certificate of occupancy be filed with the assessor of Lake County, and that the owner of such property obtain from the assessor, in the form prescribed by such official, a receipt showing that the unexecuted certificate of occupancy has been filed and that the property is subject to increased assessment, from the date of issue of the certificate on a proportionate basis for the year in which the improvement was completed. The owner of the property shall file such receipt with the village clerk and a certified copy of the certificate of occupancy, when issued, shall be filed with the assessor by the village clerk. (1976 Code § 157.002)
B. Definition: "Certificate of occupancy" means the certificate or permit, by whatever name denominated which the village, under its authority to regulate the construction of buildings, issues as evidence that all applicable requirements have been complied with and requires before any new, reconstructed or remodeled building may be lawfully occupied. (1976 Code § 157.003)