42-13055. Reducing minimum value for property
in use


A. Beginning in valuation year 2000, the department shall reduce the minimum value
prescribed for class one, paragraphs 8, 9, 10 and 13 and class two (P) valued by the
assessor by 2.5 per cent good each year.


B. This section does not require the department to reduce the minimum value for any
property in use below 2.5 per cent good.