Title 42 — Taxation

A. On or before August 31 of each year the department shall determine the valuation as of January 1 of the valuation year of all operating property of railroad companies in the manner prescribed by this article. Property that a railroad company owns or leases but that is not used…

A. The department shall determine the valuation of a railroad as follows: 1. Determine the base value. 2. Compute the value change factor. 3. Compute the current year system full cash value by multiplying the base value determined under paragraph 1 of this subsection by the value…

In attempting to accurately assess ongoing business operations, income and property, adjustment may be necessary to minimize differences. The overall objective is to achieve comparability in determining appropriate stabilized income and typical property changes from prior years. …

A. On or before November 30 of each year the department shall transmit to the county assessors of each county through or into which a railroad runs a statement showing: 1. The valuation of the property for each taxing jurisdiction as determined by a pro rata distribution of the v…

A. The board of supervisors of each county shall enter the statement and description provided by the department on the county assessment roll under appropriate columns with the total value of the assessed property carried out. B. The property of railroad companies is taxable on t…

In this article, unless the context otherwise requires "telecommunications company" means any person that owns communications transmission facilities and that provides public telephone or telecommunications exchange or inter-exchange access for compensation to effect two-way comm…

A. On or before April 1 of each year each telecommunications company, under the oath of its chief officer in this state, shall make and file a statement with the department in a form prescribed by the department and containing: 1. The name and nature of the business of the compan…

A. On or before August 31 of each year, the department shall determine the valuation as of January 1 of the property of all telecommunications companies operating in this state at its full cash value. Real estate shall be valued at market value, and personal property shall be val…

A. On or before November 30 of each year, the department shall: 1. Apportion the valuation among the several counties, cities, towns and special taxing districts through which the company's lines run. 2. Transmit a statement of the company's locations, descriptions and valuations…

In this article, unless the context otherwise requires: 1. "Airport" means any area of land or water designed and set aside for the landing and taking off of aircraft and used, or to be used, in the interest of the public for those purposes. 2. "Airport fuel delivery company" mea…

This article establishes the exclusive valuation methods and procedures for determining the valuation of property of an airport fuel delivery company.

A. The department shall determine the valuation of all real and personal property of an airport fuel delivery company as follows: 1. Determine the base value. 2. Compute the asset change factor. 3. Multiply the base value by the asset change factor to compute the preliminary syst…

The assessed valuation of class one property described in section 42-12001 is the following percentage of its full cash value or limited valuation, as applicable: 1. Twenty-five percent through December 31, 2005. 2. Twenty-four and one-half percent beginning from and after Decemb…

The following percentages apply to the full cash value or limited valuation, as applicable, as a basis for determining the assessed valuation of class two property described in section 42-12002: 1. Class two (R): sixteen percent through December 31, 2015 and fifteen percent begin…

The assessed valuation of class three property described in section 42-12003 is ten per cent of its full cash value or limited valuation, as applicable.

The assessed valuation of class four property described in section 42-12004 is ten per cent of its full cash value or limited valuation, as applicable.

The director shall annually determine percentages to apply as a basis for determining the assessed valuation of class five property described in section 42-12005 equal to the ratios that the total net assessed valuation of all taxable property for primary and secondary tax purpos…

[Repealed or reserved.]

The assessed valuation of class seven property described in section 42-12007 is the percentage of value prescribed for class one property by section 42-15001, except that modifications intended to restore and rehabilitate the historic property as approved by the state historic pr…

The assessed valuation of class eight property described in section 42-12008 is the percentage of value prescribed for class four property by section 42-15004, except that modifications intended to restore and rehabilitate the historic property as approved by the state historic p…

The assessed valuation of class nine property described in section 42-12009 is one per cent of its full cash value or limited valuation, as applicable.

A. In preparing the tax rolls, the county assessor shall apply the appropriate percentage to the full cash value or limited property value of property, as applicable, to show the assessed valuation. B. If a parcel of property has more than one percentage applied to its full cash …

Unless otherwise provided by law, property is assessed for taxes levied under this title when its valuation is determined and lawfully placed on the roll.

The county assessor may: 1. Demand from each person or firm or from the president, cashier, treasurer or managing agent of each corporation or association that owns, claims, controls or possesses property in the county a correct report under oath or affirmation of all property in…

A. On or before February 1 of each year, the assessor shall mail a form, notice or demand to each person that owns or has charge or control of taxable personal property in this state. Each person shall prepare and deliver to the assessor a correct report of property on or before …

A. If a person refuses on demand to give under oath or affirmation the report as required by section 42-15052 or 42-15053, or if the owner of property that is not reported by another person is absent or unknown, the assessor shall fill out a report for that person and shall inclu…

A. A person who knowingly fails to file any report of taxable property that is required by this article or to supply any information that is required by the assessor or the deputy assessor or who knowingly makes, renders, signs or verifies any false or fraudulent information is g…

Each city, town, county or other governmental entity that requires that a building permit be issued to construct or add to residential or commercial buildings shall notify the county assessor in writing: 1. Of the parcel number for which the permit is issued at the time the permi…

If two or more contiguous lots, tracts of land or patented mines are owned by the same person, they may be jointly assessed and one valuation may be determined for the whole.

Each item of property in an assessment is liable for the taxes on all items of personal property in the same assessment.

For purposes of taxation the following personal property is considered to be the property of the person in possession: 1. Personal property in possession of a fiduciary. 2. Personal property that is mortgaged or pledged.

If solvent debts are assessed, the person against whom they are assessed may deduct the person's liabilities from the amount of the debts.

A. Water ditches that are constructed for mining, manufacturing or irrigation purposes and toll roads shall be valued in the same manner as real property at a rate per mile for the portion that lies in each county. B. Each county assessor shall list water ditches and toll roads a…

A. Except as provided in section 42-11126, range livestock shall be assessed, and the taxes levied against the livestock shall be collected, as taxes on real property. B. The assessment constitutes a lien for taxes on all livestock under the same brand. If the owner of a brand se…

A. The county assessor shall not: 1. Value or assess personal property construction work in progress until the construction work has progressed to a sufficient degree for the personal property to be useful for the purpose for which it is being constructed. 2. Place personal prope…

A. Clean rooms that are used for manufacturing, processing, fabrication or research and development of semiconductor products shall be valued and assessed as tangible personal property. B. For purposes of this section, "clean room" means all property that comprises or creates an …

B. The notice under this section shall be in writing and shall be mailed, delivered by common carrier, or on request of the taxpayer transmitted electronically to the person's last known mailing, delivery or electronic address. With respect to any property transferred by a benefi…

A. The assessor shall include in the assessment notice: 1. The full cash value found by the assessor for the property for the preceding valuation year. 2. The classification of the property pursuant to chapter 12 of this title. 3. The mailing date of the notice. 4. The last date …

The notice form shall: 1. Prominently display a statement for all residential properties that: (a) Defines class three properties as described in section 42-12003. (b) Informs property owners that if the property listed on the notice does not meet the description provided pursuan…

A person who is not satisfied with the valuation or classification of the person's property determined by the assessor may: 1. Petition the assessor for review pursuant to chapter 16, article 2 of this title. 2. Appeal to tax court pursuant to section 42-16201.

For property that is valued by the assessor, in the case of new construction, additions to, deletions from or splits or consolidations of assessment parcels and changes in property use that occur after September 30 of the preceding year and before October 1 of the valuation year:…

The county assessor shall prepare the assessment roll in the form and containing the information prescribed by the department.

A. In addition to all other property that is required by law to be placed on the roll, all real property that is subject to the jurisdiction of this state, regardless of ownership or by whom it is claimed, possessed or controlled, and regardless of whether it is exempt from taxat…

A. On or before December 20 of each year, the county assessor shall complete the assessment roll and attach the assessor's certificate to the roll with a cross-index of all property listed in the roll, showing the ownership of the property and all assessment lists from which the …

A. On or before January 20 of each year, the clerk of the board of supervisors shall make an abstract of the roll containing the valuations by taxing jurisdictions of all property in the county including: 1. The total personal property tax roll as provided by section 42-17053. 2.…

A. The department shall prepare an abstract containing the valuation by county and taxing jurisdiction of all property that is subject to property taxation in this state. B. Before April 30 the department shall transmit copies of the statewide abstract to the state or county boar…

A. If a property is destroyed after the county assessor closes the rolls, the property owner may file a notice of claim pursuant to section 42-16254 or the county assessor may issue a notice of proposed correction pursuant to section 42-16252 to prorate the valuation of the prope…

In this article, unless the context otherwise requires: 1. "Mobile home" has the same meaning prescribed in section 42-19151. 2. "Permanently affixed" means the installation of a mobile home on real property that is owned by the owner of the mobile home.

A mobile home that has been permanently affixed to real property and for which an affidavit of affixture has been recorded pursuant to this article shall be assessed as real property.

A. A person who owns a mobile home that is permanently affixed to real property may file an affidavit of affixture with the county recorder of the county in which the real property is located. B. An affidavit of affixture shall contain all of the following: 1. The vehicle identif…