Assessments required
Sec. 10. (a) The county assessor shall assess the land at its fair
market value, including any mineral, stone, oil, or gas value it may
have; but, the county assesssor shall not consider the standing timber
on the land in making the assessment. In addition to assessing the
specific parcel of land, the county assessor shall also assess, at its
fair market value, all of the remaining land (exclusive of
improvements) which is situated in the section in which the land
proposed for classification lies and which is not within a city or
town. In making these assessments, the county assessor shall value
each quarter section separately and shall designate the assessment for
each quarter section.
(b) If the assessment made by the county assessor is not
satisfactory to the owner, the owner may appeal the assessment to a
board consisting of the assessor, auditor, and treasurer of the county
in which the land proposed for classification is located. The decision
of the board is final.
(Formerly: Acts 1975, P.L.47, SEC.1.) As amended by P.L.186-2003,
SEC.10.
Last modified: May 28, 2006