The Long Beach City Council voted Tuesday to adopt legislation to provide property tax assessment relief for residents who sustained significant property damage during Hurricane Sandy.
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The state senate and assembly adopted the Sandy Assessment Relief Act earlier this year, and the council voted to opt into the program that grants assessment relief — a rebate on their taxes based on a state formula — to Sandy-impacted homeowners in cities and towns.
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“This legislation allows municipalities to lower the 2012-13 tax assessment of properties that lost a certain percentage of their structural value due to Superstorm Sandy,” reads a statement about the act posted on the city’s website. “The ‘Superstorm Sandy Assessment Relief Act’ will allow the City to adjust, retroactively, any property tax assessment to account for losses in value due to Superstorm Sandy.”
At Tuesday’s council meeting City Manager Jack Schnirman encouraged property owners potentially eligible for the program to visit the city’s website and fill out a form.
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