(SB 2)
Land flooded for three years required to be specially assessed.
Section
1.
That chapter 10-6 be amended by adding thereto a NEW SECTION to read as
follows:
The director of equalization shall take into consideration and make adjustments in setting the
assessed value for agricultural land which has been inundated by floods and is not farmable during
the past three growing seasons. The director of equalization shall use the marshland soils rating
classification pursuant to
§
§
10-6-33.2 and 10-6-33.7 to determine the assessed value of the
acreage inundated and not farmable.
Signed February 24, 1998.