42-15253

42-15253. Computing amount of taxes otherwise
payable on remote municipal property

A. On or before the third Thursday in August the county board of supervisors shall
compute and report to the city, town or political subdivision the amount of property
taxes that would otherwise be payable on the city's, town's or political subdivision's
remote municipal property by:

1. Multiplying the combined total primary property tax rates of the political
subdivisions in which the property is located by the primary assessed valuation of the
property.

2. Multiplying the combined total secondary property tax rates of the political
subdivisions in which the property is located by the secondary assessed valuation of the
property.

B. The sum of the primary and secondary taxes so computed is the amount of property
taxes otherwise payable on the remote municipal property.