42-16052

42-16052. Contents of petition based on
income approach to value

A. A petition that is filed with the assessor, based on the income approach to
value, shall include income and expense data relating to the property for the three most
recent consecutive fiscal years of the petitioner ending on or before September 30 of the
previous year. If the income and expense data are not available to the petitioner, the
petitioner shall file with the petition such income and expense data as are
available. The department, by rule, may establish additional information to be filed if
the required income and expense data are not available.

B. If a petitioner under this article uses the income approach to determine
valuation, the petitioner, an officer of a corporate petitioner, a general partner or a
designated agent shall file a sworn affidavit under penalty of perjury that the
information contained in the petition is true and correct to the best of the petitioner's
knowledge.