15-6-143. Class ten property -- description -- taxable percentage. (1) Class ten property includes all forest lands, as defined in 15-44-102, and property described in subsection (2).
     (2) Any parcel of growing timber totaling less than 15 acres qualifies as class ten property if, in a prior year, the parcel totaled 15 acres or more and qualified as forest land but the number of acres was reduced to less than 15 acres for a public use described in 70-30-102 by the federal government, the state, a county, or a municipality and, since that reduction in acres, the parcel has not been further divided.
     (3) Class ten property is taxed at:
     (a) for tax year 2009, 0.34% of its forest productivity value;
     (b) for tax year 2010, 0.33% of its forest productivity value;
     (c) for tax year 2011, 0.32% of its forest productivity value;
     (d) for tax year 2012, 0.31% of its forest productivity value;
     (e) for tax year 2013, 0.3% of its forest productivity value; and
     (f) for tax years after 2013, 0.29% of its forest productivity value.

     History: En. Sec. 2, Ch. 681, L. 1985; amd. Sec. 16, Ch. 773, L. 1991; amd. Secs. 6, 7, Ch. 783, L. 1991; amd. Sec. 1, Ch. 297, L. 1997; amd. Sec. 83, Ch. 584, L. 1999; amd. Sec. 3, Ch. 483, L. 2009; amd. Sec. 1, Ch. 243, L. 2013.