(1) Mines excepted from the provisions of section 39-6-104 shall be valued for assessment in the same manner as other real property.
(2) All mines which are classified as nonproducing mines shall be valued for assessment in the same manner as other real property.
(3) Such valuation shall be determined under this section by the assessing officer only upon preponderant evidence shown by such officer that the cost approach, market approach, and income approach result in uniform and just and equal valuation.
Source: L. 65: R&RE, p. 1105, § 1. C.R.S. 1963: § 137-6-10. L. 70: p. 392, § 1. L. 85: (2) amended and (3) added, p. 1213, § 9, effective May 9.
ANNOTATION
Assessor was required to give appropriate consideration to the cost, market, and income approaches to appraisal when valuing a nonproducing mine undergoing reclamation that could not be classified as agricultural land. Hepp v. Boulder County Assessor, 113 P.3d 1268 (Colo. App. 2005).