Section 304. Nonrecognition for Other Purposes of Increased Valuation.--If a property containing new residential construction is granted tax exemption pursuant to this article, the property shall not during the exemption period be considered as a factor in assessing the value of other properties in the same area.
Nonrecognition for Other Purposes of Increased Valuation
Act 34 of 1971, § 304, under IMPROVEMENT OF DETERIORATING REAL PROPERTY OR AREAS TAX EXEMPTION ACT.
Act 34 of 1971, § 304