01-23-21: ON-GOING VALUATION OF PROPERTY:
In order to avoid value disputes immediately after the expiration of any exemptions granted under this article, as a condition of receiving an exemption, a recipient must agree that all property subject to an exemption will, after expiration of the exemption, be valued for assessment purposes at no less than the capitalized value for the life of the investment using State Tax Commission schedules. (Ord. 18-031, 11-15-2018)