§ 114-31. Grounds for disqualification.

When property has once been classified and assessed as landmark historic property, it shall remain so classified and be granted the special assessment authorized by this article until the property becomes disqualified by any one of the following:

(1)

Written notice by the taxpayer to the county tax commissioner to remove the preferential classification and assessment.

(2)

Sale or transfer of ownership making the property exempt from property taxation.

(3)

Decertification of such property by the state department of natural resources pursuant to the provisions of O.C.G.A. § 48-5-7.3(e)(1)(C). The sale or transfer to a new owner shall not operate to disqualify the property from preferential classification and assessment so long as the property continues to qualify as historic landmark property, except as specified in subsection (2) of this subsection.

(4)

Decertification of such property by the local governing authority for failure to maintain such property in a standard condition as specified in the local historic preservation or landmark ordinance or in local building codes.

(5)

The expiration of nine years during which the property was classified and assessed as landmark historic property.

(Ord. of 9-22-92; Code 1977, § 3-21-47)