Tax Type
Local Taxes
Property Tax
Description
Condemnation;Reassessment
Topic
Local Taxes Discussion
Payment and Refund
Date Issued
07-23-1974
A property owner is entitled to a credit or refund of property taxes following condemnation by the State. The owner pays only the proportionate amount of tax due for the portion of the year in which he owned the property.
A property owner is entitled to a credit or refund of property taxes following condemnation by the State. The owner pays only the proportionate amount of tax due for the portion of the year in which he owned the property.
A reassessment is required following condemnation by the State if only a part of the property is condemned. The reassessment values the property as of January 1 of the year following the condemnation, and must be made without regard to the value of the original property as a whole.
Attorney General's Opinion