§46-112  Tax on leased redevelopment
property.  Whenever property in the tax increment district has been
redeveloped and thereafter is leased by the county or redevelopment agency to
any person or whenever the county or agency leases real property in any tax
increment district to any person for redevelopment, the property shall be
assessed and taxed in the same manner as privately owned property, and the
lease or contract shall provide that the lessee shall pay taxes upon the
assessed value of the entire property and not merely the assessed value of the
lessee's leasehold interest. [L 1985, c 267, pt of §1]