HCR 5047
2 | (1) Real property used for residential purposes including multi-familyresidential real property and real property necessary to accommodate a residential community of mobile or manufactured homes including the real property upon which such homes are located | 111/2% |
3 | (2) Land devoted to agricultural use which shall be valued upon the basis of its agricultural income or agricultural productivity pursuant to section 12 of article 11 of the constitution.... | 30% |
4 | (3) Vacant lots | 12% |
5 | (4) Real property which is owned and operated by a not-for-profit or-ganization not subject to federal income taxation pursuant to section501 of the federal internal revenue code, and which is included inthis subclass by law | 12% |
6 | (5) Public utility real property, except railroad real property which shallbe assessed at the average rate that all other commercial and indus-trial property is assessed | 33% |
7 | (6) Real property used for commercial and industrial purposes andbuildings and other improvements located upon land devoted to ag-ricultural use | 25% |
8 | (7) All other urban and rural real property not otherwise specificallysubclassified | 30% |
13 | (1) Mobile homes used for residential purposes | 111/2% |
14 | (2) Mineral leasehold interests except oil leasehold interests the averagedaily production from which is five barrels or less, and natural gasleasehold interests the average daily production from which is 100mcf or less, which shall be assessed at 25% | 30% |
15 | (3) Public utility tangible personal property including inventoriesthereof, except railroad personal property including inventoriesthereof, which shall be assessed at the average rate all other com-mercial and industrial property is assessed | 33% |
16 | (4) All categories of motor vehicles not defined and specifically valuedand taxed pursuant to law enacted prior to January 1, 1985 | 30% |
17 | (5) Commercial and industrial machinery and equipment which, if itseconomic life is seven years or more, shall be valued at its retail costwhen new less seven-year straight-line depreciation, or which, if itseconomic life is less than seven years, shall be valued at its retail costwhen new less straight-line depreciation over its economic life, ex-cept that, the value so obtained for such property, notwithstandingits economic life and as long as such property is being used, shall |
HCR 5047
1 | not be less than 20% of the retail cost when new of suchproperty | 25% |
2 | (6) All other tangible personal property not otherwise specifically classified... | 30% |