The owner of any real estate which has been approved for special assessment as provided for in this article shall revalidate such application annually if the continuation of such special assessment is desired. Application for such revalidation shall be made with the county assessor on or before November first of the preceding tax year. No fee shall be charged for such revalidation, except that the owner shall, every sixth year from the date of the owner's original application, pay a revalidation fee in the amount equal to the application fee required by section 21-23.

Revalidation forms may be filed after the due date, if filed on or before the effective date of the assessment, on payment of a late filing fee, which shall be either one percent (1%) of the tax to be deferred as a result of the late filing, or the same fee as the revalidation fee, whichever is greater.

(Ord. No. O98-28(R), 12/16/98)