42-15001

42-15001. Assessed valuation of class one
property

The assessed valuation of class one property described in section 42-12001 is the
following percentage of its full cash value or limited valuation, as applicable:

1. Twenty-five per cent through December 31, 2005.

2. Twenty-four and one-half per cent beginning from and after December 31, 2005
through December 31, 2006.

3. Twenty-four per cent beginning from and after December 31, 2006 through December
31, 2007.

4. Twenty-three per cent beginning from and after December 31, 2007 through
December 31, 2008.

5. Twenty-two per cent beginning from and after December 31, 2008 through December
31, 2009.

6. Twenty-one per cent beginning from and after December 31, 2009 through December
31, 2010.

7. Twenty per cent beginning from and after December 31, 2010.