US Laws, Codes, Statutes & Cases

                                  TITLE  63
                             REVENUE AND TAXATION
                                  CHAPTER 1
                      DEPARTMENT OF REVENUE AND TAXATION
    63-109.  EQUALIZATION BY CATEGORIES -- IDENTIFICATION AND REASSESSMENT.
The state tax commission shall publish rules establishing and defining
categories in which various properties will be placed for assessment purposes.
The state tax commission shall equalize the assessments of property throughout
the state, by categories, as shown by the abstracts transmitted by the several
county auditors, county by county. In such equalization, the state tax
commission shall have power to increase or decrease the total value of any
category of property in any county as shown by the abstract from that county
when, in the opinion of the commission, the value of that category appearing
in such abstract is not just and equal as compared with the value of other
categories of property in that county, or the value of similar categories of
property in other counties, because of its being greater than or less than the
market value. Upon receiving information from any source that any property in
any county of the state has been omitted from the property roll, or has been
improperly assessed, the state tax commission shall have the power to compel
the assessor of such county to assess such property and place it upon the
property roll forthwith, and to compel the reassessment of all property
improperly assessed. The state tax commission is also empowered to identify or
order and compel a proper identification of property by categories for
assessment purposes in any county, and to create new categories for any
taxable property, and to order and compel reassessment by the county assessor
of any category or categories of property within the county.