§ 32.59 DISCRETIONARY FORMULA.

   (A)   Zero percent of the total property value for the first year following construction on such property;

   (B)   For the second year following construction, not more than 20% of the usual taxable value shall be used for the tax purpose of the property;

   (C)   For the third year following construction, not more than 40% of the usual taxable value shall be used for the tax purposes on the property;

   (D)   For the fourth year following construction, not more than 60% of the usual taxable value shall be used for the tax purposes on the property.

   (E)   For the fifth year following construction, not more than 80% of the usual taxable value shall be used for the tax purposes on the property.

(Ord. 2017-10, passed 12-19-2017)