If, in the opinion of the Building Inspector based on evaluation of the fair market value of the property, the valuation of any building, alteration or structure appears to be underestimated on the application, the permit shall be denied, unless the applicant can show detailed estimated cost to meet the approval of the Building Inspector.
(1984 Code, § 150.13) (Ord. O-75-67, passed 9-21-1967;Ord. O-22-10, passed 6-28-2010)