42-15157. Destruction of property after rolls closed; proration of valuation and taxes

A. If a property is destroyed after the assessor closes the rolls, the person who is liable for paying the taxes on the property may petition the assessor to reduce the valuation of the property from the date of destruction as if the reduction were the correction of an error pursuant to chapter 16, article 6 of this title.

B. If the assessor finds that the property has been destroyed:

1. The assessor shall fix the value of the property from the date of destruction.

2. The county treasurer shall compute the amount of taxes assessed against the property by applying the tax rate for the appropriate tax year to the original valuation prorated for the portion of the year the property was intact, plus the tax rate for the appropriate tax year to the reassessed value of the property prorated for the balance of the year.

42-15157. Destruction of property after rolls closed; proration of valuation and taxes

A. If a property is destroyed after the assessor closes the rolls, the person who is liable for paying the taxes on the property may petition the assessor to reduce the valuation of the property from the date of destruction as if the reduction were the correction of an error pursuant to chapter 16, article 6 of this title.

B. If the assessor finds that the property has been destroyed:

1. The assessor shall fix the value of the property from the date of destruction.

2. The county treasurer shall compute the amount of taxes assessed against the property by applying the tax rate for the appropriate tax year to the original valuation prorated for the portion of the year the property was intact, plus the tax rate for the appropriate tax year to the reassessed value of the property prorated for the balance of the year.