42-12001. Class one property For purposes of taxation, class one is established consisting of the following subclasses: 1. Producing mines and mining claims, personal property used on mines and mining claims, improvements to mines and mining claims and mills and smelters operated in conjunction with mines and mining claims that are valued at full cash […]
42-12002. Class two property For purposes of taxation, class two is established consisting of three subclasses: 1. Class two (R) consists of: (a) Real property and improvements to property that are used for agricultural purposes and that are valued at full cash value or pursuant to chapter 13, article 3 of this title, as applicable. […]
42-12003. Class three property; definition A. For the purposes of taxation, class three is established consisting of: 1. Real and personal property and improvements to the property that are used for residential purposes and is occupied by the owner as the owner’s primary residence as described in section 42-12053, that are not otherwise included in […]
42-12004. Class four property A. For the purposes of taxation, class four is established consisting of: 1. Real and personal property and improvements to the property that are used for residential purposes, including residential property that is owned in foreclosure by a financial institution, that is not otherwise included in another classification and that is […]
42-12005. Class five property For purposes of taxation, class five is established consisting of: 1. Real and personal property of railroad companies used in the continuous operation of railroads that are valued at full cash value under chapter 14, article 8 of this title. 2. Real and personal property used in the operation of private […]
42-12006. Class six property For the purposes of taxation, class six is established consisting of: 1. Noncommercial historic property as defined in section 42-12101 and valued at full cash value. 2. Real and personal property that is located within the area of a foreign trade zone or subzone established under 19 United States Code sections […]
42-12007. Class seven property For purposes of taxation, class seven is established consisting of real and personal property and improvements that meet the criteria for property included in class one, paragraphs 12 and 13 and also the criteria for commercial historic property as defined in section 42-12101.
42-12008. Class eight property For purposes of taxation, class eight is established consisting of real and personal property and improvements that meet the criteria for property included in class four and also the criteria for commercial historic property as defined in section 42-12101.
42-12009. Class nine property A. For purposes of taxation, class nine is established consisting of: 1. Improvements that are located on federal, state, county or municipal property and owned by the lessee of the property if: (a) The improvements are required to become the property of the federal, state, county or municipal owner of the […]
42-12010. Purpose of classification of property A. The classes of property are established by this article for the common treatment of the property in each class for purposes of the assignment of a common assessment percentage under chapter 15, article 1 of this title and other purposes prescribed by statute, but the statutory classes under […]
