§ 25-203. High-water recharge assessment formula.

Latest version.

The high-water recharge assessment formula is hereby established as follows: That property which has entered into a high-water recharge use contract and has been classified by the property appraiser as participating in the high-water recharge protection tax assessment program shall have its taxable value determined as would normally be determined by the property appraiser's office, but after such determination is made the assessed value for tax purposes shall be reduced by thirty (30) percent.

(Ord. No. 96-38, § 1, 12-10-96)

                    
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