The Property Valuation Administrator and the Codes and Regulations Department shall maintain a record of all applications for a property assessment or reassessment moratorium. The PVA shall assess or reassess the property within 30 days of receipt of the application. This assessment shall be the value on which the Metro Government and Urban Service District taxes, and other taxing authorities that enter into a duly executed partnership agreement with Louisville Metro Government, are based and is not to be raised for five years after the certificate has been issued, however, this provision shall not preclude normal reassessment of the property.
(1994 Jeff. Code, § 154.05) (Jeff. Ord. 10-1983, adopted and effective 6-28-1983; Lou. Metro Am. Ord. No. 114-2007, approved 7-2-2007; Lou. Metro Am. Ord. No. 45-2020, approved 3-20-2020)