Tax Type
Local Taxes
Property Tax
Description
Assessment of New Buildings;Taxation of Razed, Damaged or Destroyed Buildings
Topic
Basis of Tax
Local Taxes Discussion
Date Issued
01-23-1973
A locality's adoption of § 58-811.1, which provides for the assessment and taxation of new buildings at the time they are substantially completed or fit for use, automatically includes the adoption of § 58-811.2 under which taxes are abated on razed, destroyed or damaged buildings.
Attorney General's Opinion