All machinery and equipment and personal property shall be listed on a personal property schedule which shall be submitted as set forth in section 39-5-107 and valued for assessment by the assessor. Improvements, except mining improvements within a mine excavation, shall be listed separately and valued for assessment by the assessor.
Source: L. 65: R&RE, p. 1104, § 1. C.R.S. 1963: § 137-6-6. L. 94: Entire section amended, p. 1206, § 2, effective May 19.
ANNOTATION
Machinery, equipment, personal property, and above-the-ground improvements are to be valued pursuant to this section and not deducted as a cost in calculating gross proceeds or net proceeds pursuant to § 39-6-106. Amax v. Grand County Bd. of Equaliz., 892 P.2d 409 (Colo. App. 1994), rev'd on other grounds sub nom. Huddleston v. Grand County Bd. of Equaliz., 913 P.2d 15 (Colo. 1996).