Tax Reduction for Some Storm Damaged Property
The County Code allows for a reduction in the assessed value of a dwelling under certain conditions that apply to major damage that occurred in the recent hurricane. The provision is shown below:
Section 20-4.1. Abatement of levies on buildings razed, destroyed, or damaged by natural or accidental events.
Buildings which are razed, destroyed or damaged due to a natural or accidental event and through no fault of the owner shall receive an abatement for tax levies computed according to the ratio which the portion of the year the building was fit for use, occupancy, or enjoyment bears to the entire year. No such abatement shall occur unless:
- The destruction or damage to such building decreases its value by $500 or more;
- The destruction of damage to such building renders it unfit for use or occupancy for 30 or more days during the year; and
- The owner of such building makes application for the abatement within six months of the date on which the building was razed, destroyed or damaged.
The program is administered by the Real Estate Assessments Division (757-253-6650) and applications are available from that Division. The provisions of the County Code reflect the maximum benefits allowed under State law.