Tax Type
Local Taxes
Property Tax
Description
Reassessment;Building Condemnation
Topic
Basis of Tax
Local Power to Tax
Local Taxes Discussion
Date Issued
07-31-1974
A condemned building which has declined in value to less than $100 must be reassessed for property tax purposes even though the condemnation is due to building code violations. So long as the value of the structure is reduced to within the $100 statutory limit, the reason for the decline in value is totally irrelevant for reassessment purposes.
Attorney General's Opinion