Every person who at 12:01 a.m. on January 1st has a possessory interest in land owned by the state or federal government or who acquired such interest after such date and is liable for the taxes thereon for the fiscal year commencing immediately following July 1st and the permit or other right to enter upon the land has been suspended or restricted without his fault, because of a misfortune or calamity, including without limitation a condition of drought; may, within 12 months of such misfortune or calamity, apply for reassessment of such property by delivering to the Assessor a written application showing the condition and value, if any, of the possessory interest immediately before and after the suspension or restriction. The damage to the interest must be shown in the application to be in excess of $10,000. The application shall be executed under penalty of perjury or if executed outside the state of California, verified by affidavit. (Ord. 941, eff. 4/17/03; Ord. 517, eff. 1/3/78)