Revise the tax valuation of certain structures.
be amended to read as follows:
Any new residential structure, or
or renovation of
an existing structure,
located within a redevelopment neighborhood established pursuant to
10-6-56 which new
, or renovation
has a true and full value of
thousand dollars or
more, added to real property is specifically classified for the purpose of taxation. The structure shall
be located in an area defined and designated as a redevelopment neighborhood based on conditions
11-7-2 or 11-7-3.