§ 12.35.020. Annual certification of eligibility.

A.

The owner of property shall certify annually by February 1 to the chief fiscal officer or his designee that the factors establishing qualification for the tax relief under this chapter upon which approval was granted remain in existence and that the property remains eligible for tax relief pursuant to this chapter. All books and records of the owner shall be subject to the inspection of the chief fiscal officer for a period of three years after the annual certification is made. If the property is determined to be wholly or partially ineligible, the tax relief granted shall terminate to the extent of the deficiency and all sums that would have been levied in that year shall be due and payable to the municipality with interest, if any is due, as if such property has been subject to regular taxation. The nature and extent of any deficiency in the taxpayer's eligibility for the tax incentive or relief or the conditions under which such was granted shall be reported to the Assembly together with a statement of the impact of the tax incentive and deficiencies on the municipality. The assembly may terminate or modify the tax incentive/relief.

1.

The requirement of this subsection A. does not apply to deteriorated property tax relief.

(AO No. 2002-103(S), § 1, 8-6-02)