[Adopted 5-20-2019 by Ord. No. 1918[1]]
[1]
Editor's Note: This ordinance also repealed former Art. IV,
Local Economic Revitalization Tax Assistance District, adopted 3-26-1985
by Ord. No. 1409.
This article shall be known as "The City of Warren LERTA District
Ordinance."
As used in this article, the following words and phrases shall
have the meaning set forth below:
Any industrial, commercial or other business property owned
by an individual, association or corporation and located in a deteriorating
area, as provided in this article, or any such industrial, commercial
or business property which has been the subject of an order by the
City of Warren requiring the unit to be vacated, condemned or demolished
by reason of noncompliance with laws, ordinances or regulations.
Repair, construction or reconstruction, including alterations
or additions having the effect of rehabilitating a deteriorated property
so that it becomes habitable or attains higher standards of safety,
health, economic use or amenity or is brought into compliance with
laws, ordinances or regulations governing such standards. Ordinary
upkeep and maintenance shall not be deemed an improvement.
The City of Warren.
The City of Warren, the Warren County School District, and
the County of Warren.
The entire 3.4 square mile area that comprises the City shall
be deemed a deteriorated area.
A.
The amount to be exempted shall be limited to the additional assessed
valuation attributable to the actual cost of improvements to the deteriorated
property.
B.
The exemption shall be limited to that improvement for which an exemption
has been requested in the manner set forth below and for which a separate
assessment has been made by the County of Warren.
A.
The schedule for exemption of taxes on eligible improvements shall
be 100% of the taxes due on the eligible improvements for each of
five years following the issuance of a certificate of occupancy by
the City's Building Code Official.
B.
The exemption from taxes granted under this article shall be upon
the property and shall not terminate upon the sale or exchange of
the property.
A.
If the exempted eligible improvements are destroyed, damaged, or
demolished by any cause, or for any reason, the assessed valuation
of the property will be reduced as a result of such destruction, damage
or demolition; in such case, the exemption from real property taxes
authorized by this article shall be limited to that portion of the
new assessment attributable to the actual cost of the improvement
that is in excess of the original assessment that existed prior to
the destruction, damage, or demolition of the property.
B.
The exemption from a portion of real property taxes as provided for
herein shall be forfeited by the applicant and/or the subsequent owner
of the real estate for failure to pay the nonexempt portion of real
estate taxes by their due date, without penalty. Upon receipt of a
notice of nonpayment of exempt real estate taxes, the City shall direct
the County Assessment Office to discontinue the exemption provided
for as of the year of the delinquency and for the remainder of the
exemption period.
A.
There shall be placed on the application for building permits the
following:
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Notice to Taxpayers
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Under the provisions of Ordinance No. _____, you may be entitled
to a property tax exemption on your contemplated alteration or new
construction. An application for exemption may be secured from the
City Code Office and must be filed with the City of Warren at the
time a building or alteration permit is secured.
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B.
At the time a building permit is secured for the construction of
an improvement for which an exemption is requested, the taxpayer shall
apply to the City Manager for the exemption provided for in this article.
Request for the exemption must be in writing, certified in full as
prescribed by the City of Warren, setting forth the following information:
A copy of the request for exemption shall be forwarded to the
County of Warren Assessment Office by the City Codes Office. Upon
completion of the improvement or new construction, the taxpayer shall
notify the City Codes Office so that it may have the Assessor assess
the improvements separately for the purpose of calculating the amount
of assessment eligible for tax exemption in accordance with the limits
established in this article. The City of Warren will then obtain from
the Assessor the amount of the assessment eligible for exemption and
will notify the taxpayer. Appeals from the reassessment and the amount
eligible for the exemption may be taken by the taxpayer or a local
taxing authority as provided by law.
