The Engineer's Department is authorized to determine actual value for assessment purposes of vacant lots or parcels of land in the Municipal corporation by the sale price as may be indicated or determined from the deeds for such lots, or identical lots, recorded in the Trumbull County Recorder's office, provided such deeds have been transferred and recorded within the last five years.
The Director of Public Service and Safety is authorized to employ at least two appraisers for the purpose of determining actual value of vacant lots for assessment purposes under Ohio R.C. 727.02 in all cases in which the Engineer's Department is unable to find a deed transferring and recording the property within the last five years, and in all cases where the Engineer's Department is unable to determine the sale price from any deed so recorded. The cost of hiring the appraisers shall be included in the cost of the improvement.
(Ord. 5607/60. Passed 4-18-60.)