Section 26-26-1107 - Change in or damage to property(a) All lands that shall have been purchased from owners, the property of whom or which was by law exempt, all new improvements over the actual value of one hundred dollars ($100), and all town or city lots as may have been platted, as the case may be, subsequent to January 1 of any year shall be subject to assessment and taxation for the year immediately following the purchase, improvement, or platting.(b)(1)(A) In each year, all real estate or improvements on real estate which have been damaged by fire, flood, tornado, or other act of God, if the property is then on the assessment record at a value determined prior to the damage and if the damage occurred prior to the date the county assessor is required by law to deliver his or her report of assessment to the county clerk, then that property shall be revalued and assessed by the county assessor.(B) Nothing in this subsection shall be construed as requiring a county assessor to seek to identify property which may have been damaged.(2) An appeal shall lie from the action of the county assessor as in the case of other property in that year assessed.Acts 1883, No. 114, § 67, p. 199; C. & M. Dig., § 9918; Acts 1929, No. 172, § 4; Pope's Dig., § 13685; Acts 1943, No. 278, § 4; A.S.A. 1947, § 84-436; Acts 1999, No. 974, § 1.