(A) Every assessee of any taxable property, or any person liable for the taxes thereon, whose property was damaged or destroyed without his or her fault, may apply for reassessment of that property as provided in this chapter. To be eligible for reassessment, the damage or destruction to the property must have been caused by any of the following:
(1) A major misfortune or calamity in an area or region subsequently proclaimed by the Governor to be in a state of disaster, if that property was damaged or destroyed by the major misfortune or calamity that caused the governor to proclaim the area or region to be in a state of disaster;
(2) A misfortune or calamity; or
(3) A misfortune or calamity that, with respect to a possessory interest in land owned by the state or federal government, has caused the permit or other right to enter upon the land to be suspended or restricted.
(B) The sum of the full cash values of the land, improvements and personalty before the damage or destruction must exceed the sum of the values after the damage by $10,000 or more.
(1966 Code, § 13B-2) (Ord. 783, § 2)