§ 44-5-13.29 - Middletown – Reduction in assessed value of real estate upon removal of damaged buildings.
SECTION 44-5-13.29
§ 44-5-13.29 Middletown – Reductionin assessed value of real estate upon removal of damaged buildings. – (a) Whenever a building is damaged as to require total reconstruction before itmay be used for any purpose related to its use prior to the damage andfollowing which, the owner provides for complete demolition of the buildingwith the material from demolition being removed from the parcel of realproperty on which the building was situated and properly disposed of or used asfill on the parcel for purposes of grading, the parcel shall be assessed forpurposes of property tax as of the date the demolition, removal, and gradingare completed to the satisfaction of the building inspector, and the assessmentshall reflect a determination of the assessed value of the parcel, exclusive ofthe assessment value of the building so damaged, demolished, and removed;provided, that the building is not replaced or under construction on thethirty-first (31st) day of December next succeeding.
(b) The adjusted assessment is applicable with respect to theparcel from the date demolition, removal, and grading are completed, asdetermined by the building inspector, until the thirty-first (31st) day ofDecember next succeeding and the amount of property tax payable with respect tothe parcel for the assessment year in which demolition, removal, and gradingare completed is adjusted according the manner of other abatements in the townof Middletown. The building inspector shall certify compliance with thissection by certification as in § 44-5-13.6(a).
(c) This section is not applicable in the event of criminalactivity or civil unrest or natural disasters such as, but not limited to,erosion or demolition resulting from floods, fires or hurricanes.
(d) This section applies only to assessments and taxes in thetown of Middletown.