Taxation of district property

§ 280-w. Taxation of district property. All real property acquired for\nthe purposes of the county district shall be acquired in the name of the\ncounty. Real property acquired in the name of the county shall be\nassessed for the purposes of taxation at the value thereof exclusive of\nimprovements erected or installed by or on behalf of such county\ndistrict, but in no case at less than the assessed valuation at the time\nof acquisition by the county. Except as provided above, such real\nproperty shall be valued on an equitable basis with other comparable\nreal property in the district.\n