Every person who at 12:01 a.m. on January 1 was the owner of, or had in his or her possession, or under his or her control, any taxable property, or who acquired such property after such date and is liable for the taxes thereon for the fiscal year commencing immediately following July 1, which property was thereafter damaged or destroyed, without his or her fault, by a misfortune or calamity, may, within 12 months of such misfortune or calamity, apply for reassessment of such property by delivering to the Assessor a written application showing the condition and applicant’s opinion of value, if any, of the property immediately before and after the damage or destruction, which damage must be shown therein to be in excess of $10,000.00. The application shall be executed under penalty of perjury, or if executed outside the State of California, verified by affidavit.
(Ord. 1940, passed - -1974; Am. Ord. 2117, passed - -1976; Am. Ord. 2658, passed - -1982; Am. Ord. 3752, passed - -1999; Am. Ord. 3881, passed - -2003)