Section 42-15001 - Assessed valuation of class one propertyThe assessed valuation of class one property described in section 42-12001 is the following percentage of its full cash value or limited valuation, as applicable:
1. Twenty-five percent through December 31, 2005.2. Twenty-four and one-half percent beginning from and after December 31, 2005 through December 31, 2006.3. Twenty-four percent beginning from and after December 31, 2006 through December 31, 2007.4. Twenty-three percent beginning from and after December 31, 2007 through December 31, 2008.5. Twenty-two percent beginning from and after December 31, 2008 through December 31, 2009.6. Twenty-one percent beginning from and after December 31, 2009 through December 31, 2010.7. Twenty percent beginning from and after December 31, 2010 through December 31, 2012.8. Nineteen and one-half percent beginning from and after December 31, 2012 through December 31, 2013.9. Nineteen percent beginning from and after December 31, 2013 through December 31, 2014.10. Eighteen and one-half percent beginning from and after December 31, 2014 through December 31, 2015.11. Eighteen percent beginning from and after December 31, 2015 through December 31, 2021.12. Seventeen and one-half percent beginning from and after December 31, 2021 through December 31, 2022.13. Seventeen percent beginning from and after December 31, 2022 through December 31, 2023.14. Sixteen and one-half percent beginning from and after December 31, 2023 through December 31, 2024.15. Sixteen percent beginning from and after December 31, 2024 through December 31, 2025.16. Fifteen and one-half percent beginning from and after December 31, 2025 through December 31, 2026.17. Fifteen percent beginning from and after December 31, 2026.Amended by L. 2022, ch. 171,s. 2, eff. 9/23/2022.Amended by L. 2021, ch. 412,s. 10, eff. 9/29/2021.