15-24-927. Average inventory -- computation of estimated value of livestock. (1) If the owner's livestock are assessed on the average inventory basis, the estimated value of livestock in a county on assessment day is computed by adding the assessed value of all livestock more than 24 months of age owned by the taxpayer in the county on the last day of each month of the prior tax year and dividing the sum by 12.
     (2) The taxpayer shall file a statement on or before February 1 setting forth the number of all livestock more than 24 months of age owned by the taxpayer in each county on the last day of each month during the prior tax year.

     History: En. Sec. 3, Ch. 576, L. 1995.