(a) The commissioner shall promulgate and county tax officials shall follow uniform rules and regulations establishing a table of values for the conservation use value of forest land conservation use property. Such values shall be the same as provided for forest land values under Code Section 48-5-269.
(b) In no event may the forest land conservation use value of any forest land conservation use property in the table of values established by the commissioner under this Code section for the taxable year beginning January 1, 2010, or any subsequent taxable year increase or decrease by more than 3 percent from its forest land conservation use value as set forth in the table of values established by the commissioner under this Code section. The limitations imposed by this subsection shall apply to the total value of all the forest land conservation use property that is the subject of an individual covenant.
Section: Previous 48-5-264 48-5-264.1 48-5-265 48-5-266 48-5-267 48-5-268 48-5-269 48-5-269.1 48-5-270 48-5-271 48-5-272 48-5-273 48-5-274 48-5-275 NextLast modified: October 14, 2016