Skip to code content (skip section selection)
(A) Land values will be determined from the appraised value stipulated on the land cards.
(B) Other financial value will be determined from information provided on the application blank.
(C) A certified tax return shall be attached to the application to assist in establishing the income and financial worth of an applicant if such person has filed a return.
(D) Debts shall include all debts except those related to household and personal effects.
(E) Household and personal effects shall not be considered when figuring the financial worth of an applicant.
(F) Livestock shall be based on the same valuation as those presently used by the Commissioner of Revenue to assist livestock.
(G) Life insurance shall not be considered when figuring financial worth.
(H) A mortgage shall not be considered beyond the point in which it exceeds the appraised value of property to which it applies.
(I) Automobiles, trucks and the like, shall be valued at same values as assessed by the Clerk for tax purposes.
(J) Farm machinery shall be valued at the same value as assessed by the Clerk for tax purposes.
(1996 Code, § 148-26)