2005 Maine Code - §726 — Valuation of land (CONFLICT)

(WHOLE SECTION CONFLICT: Text as repealed by PL 1989, c. 871, §4)

36 §00726

Valuation of land

(WHOLE SECTION CONFLICT: Text contingent on PL 1989, c. 871, §23)

    In determining the just value of undeveloped land, an assessor is to consider the base land value for the region. If an assessor finds that the just value of undeveloped land for any or all parcels containing at least 5 acres of undeveloped land within the local tax jurisdiction is different from the base land value, the assessor has the burden of establishing a reasonable alternative analysis of value to arrive at just value for the local jurisdiction. Such analysis is to be in writing and available for public inspection. When used for assessment purposes, the base land value is to be applied only to the portion of the parcel which is undeveloped. The assessor is to determine those areas of a parcel which are undeveloped land; areas which are associated with improvements or structures are to be excluded. The assessment book, or property record cards if utilized by the jurisdiction, shall indicate that amount of any parcel which is determined to be undeveloped land. [1989, c. 411, §§1, 2 (new); c. 871, §4 (rp); §23 (aff).]