Tax Type
Local Taxes
Property Tax
Description
Assessment Date;Substantially Completed Improvements
Topic
Collection of Tax
Local Power to Tax
Local Taxes Discussion
Date Issued
10-22-1973
Property is assessed in the name of its owner on January 1 of each year even if the property is subsequently sold. In the event the new owner erects a building on this property in a county that assesses improvements as of the date it is substantially completed (§ 58-811.1), the additional assessment is made in the name of the property owner as of the date of the assessment.
Attorney General's Opinion