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Ordinance of the County of Allegheny, Commonwealth of Pennsylvania, amending Section 207.09 of the Administrative Code, entitled Catastrophic Loss, to provide that a reduction in the valuation of real properties which suffer a catastrophic loss is available during the tax year in which a catastrophic loss occurs.
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WHEREAS, Section 207.09 of the Administrative Code provides for a reduction in the assessed valuation of property which has suffered a catastrophic loss in the next succeeding tax year; and
WHEREAS, it is the desire of County Council to amend Section 207.09 of the Administrative Code to provide for a tax refund or tax reduction in the same tax year in which a catastrophic loss occurs.
The Council of the County of Allegheny hereby enacts as follows:
Section 1. AMENDMENT OF SECTION 207.09 OF THE ADMINISTRATIVE CODE
Section 207.09 of the Administrative Code is amended to read as follows:
ยง 207.09 Catastrophic loss.
Persons Property owners who have suffered catastrophic losses to their real property shall have the right to request an appropriate reduction in assessed valuation from the Office of Property Assessments. The new assessed value as determined by Such request for an appropriate reduction in valuation shall be filed with the Office of Property Assessments may be appealed to the Appeals Board within the remainder of the County fiscal calendar year in which the catastrophic loss occurred, or within six months of the date on which the catastrophic loss occurred, whichever time period is longer. On appeal, the duty of the Appeals Board Upon receipt of a request for a reduction in valuation due to catastrophic loss, the Chief Assessment Officer shall be to set the establish a new value of the property in the following manner: the value of the property before the catastrophic loss based on the percentage of the taxable calendar year for which the property stood at its former value, added to the value of the p...
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