42-13201. Definition of shopping center In this article, unless the context otherwise requires, " shopping center" means an area that is comprised of three or more commercial establishments, the purpose of which is primarily retail sales, that has a combined gross leasable area of at least twenty-seven thousand square feet, that is owned or managed […]
42-13202. Exclusive method and procedure for valuing shopping centers; confidentiality A. A shopping center that is subject to valuation for purposes of property tax shall be valued pursuant to this article. This article establishes the exclusive valuation methods and procedure for determining the valuation of a shopping center. B. All information that a taxpayer submits […]
42-13203. Replacement cost less depreciation method of valuing shopping centers; election to use income method on appeal A. Except as provided by section 42-13204, the county assessor shall determine the valuation of a shopping center by using the replacement cost less depreciation method. B. This method shall use base rates in existence on January 1, […]
42-13204. Election to use income method of valuation initially In lieu of valuation under section 42-13203, the owner of a shopping center may elect to have the valuation of the shopping center determined by the income method commonly known as the straight line building residual method if the owner submits all reasonably necessary income and […]
42-13205. Valuation method applied on appeal On appeal of a valuation determined by the income method pursuant to section 42-13204 or an appeal in which the owner has elected the income method pursuant to section 42-13203, subsection D, the valuation of a shopping center shall be determined by whichever one of the following valuation methods […]
42-13206. Valuation of dedicated parking or common areas For the purposes of this article any part of the land of a shopping center that is limited by a zoning requirement or contractual covenant to parking or common area use shall be valued on the assumption that no other use is possible.
