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Statutory Advisory Committee Materials

December 18, 2014

Administrative Resources

A. ARL Volume 2, Chapter 1
  1. Page 1.13 Court of Appeals decision changed deadline for the taxpayer to appeal to the Court of Appeals from 45 to 49 days
  2. Page 1.34 Clarification
B. ARL Volume 2, Chapter 2
  1. Page 2.3 Correction of statutory citation
  2. Page 2.10 Clarifying language added
  3. Page 2.19 New personal property exemption threshold
  4. Page 2.24 New personal property exemption threshold
  5. Page 2.42 Clarification of mailing procedures per HB 13-1145
  6. Page 2.73 Court of Appeals decision changed deadline
C. ARL Volume 2, Chapter 3
  1. Page 3.3 Statutory citation change according to Division of Local Government suggestion
  2. Page 3.29 New personal property exemption threshold
  3. Page 3.35 Clarification
  4. Page 3.36 Clarifications
  15. Pages 1.58-1.59 New statutory language per SB 14-158
D. ARL Volume 2, Chapter 5  
  1. Page 5.6 Added language from 2013 and 2014 legislation in regards to data compiling charges
  2. Page 5.9 Court of Appeals decision changed deadline
  3. Page 5.13 Court of Appeals decision changed deadline
  4. Page 5.23 Updating years
E. ARL Volume 2, Chapter 6
  1. Page 6.19 Moving existing ARL language for better organizaation
  2. Page 6.21 Re-naming of class code 0600 to accommodate assessors and in accordance with statutory definitions
F. ARL Volume 2, Chapter 7
  1. Page 7.16 Updating years
  2. Page 7.20 Updating years
  3. Page 7.28 Clarifying language added
G. ARL Volume 2, Chapter 9
  1. Page 9.94 Updating years
  2. Page 9.141 Adjusting deadlines for 2015 tax year
  3. Page 9.158 Updating years
  4. Page 9.160 Updating years
  5. Page 9.161 Updating years
  6.
Page 9.162
Updating years
H. ARL Volume 2, Chapter 10
  1. Page 10.30 New personal Property exemption threshold
I. ARL Volume 2, Chapter 11
  1. Page 11.7 change of deadlines per AG
  7. Pages 3.49-3.50 New statutory language per HB 14-1073
  8. Page 3.51 New statutory exemption per HB 14-1373
  9. Page 3.55 New statutory exemption per HB 14-1373
  10. Page 3.65 New statutory language per HB 14-1373
  11. Page 3.70 New statutory language per HB 14-1001 and HB 14-1373
 
Appraisal Standards
 
A. ARL Volume 3, Chapter 4, Valuation of Vacant Land Present Worth
  1. Pages 4.35-4.36 Updated dates in Addendum 4-A, Vacant/Subdivision Land Questionnaire for 2015.
  2. Pages 4.37-4.38 Updated the vacant land discount rate for use in determining vacant land present worth valuation in 2015 and 2016.
B. ARL Volume 3, Chapter 5, Valuation of Agricultural Land
  1. Page 5.44 Updated dates for the CASS ten-year average yield for 2015-2016.
  2.
Pages 5.59-5.60
          5.67-5.68
          5.71-5.74
Updated agricultural land valuation examples with new agricultural rates and prices for 2015-2016.
  3. Page 5.85 Updated agricultural commodity prices and expenses in Addendum 5-A, Agricultural Prices an Expenses for 2015-2016.
  4. Page 5.95 Updated local multipliers for rural structures in Addendum 5-G, Rural Structures Local Multiplier for 2015-2016.
C. ARL Volume 3, Chapter 6, Valuation of Natural Resources  
  1. Page 6.46 Updadted example for determining oil and gas return on investment (ROI) deduction with 2015 BBB bond rate.
  2. Pages 6.65-6.66 Updated Hoskold factor and coal valuation examples with 2015 rates and minor language revision.
  3. Pages 6.72-6.73 Updated Hoskold factor and sand and gravel valuation examples with 2015 rates and minor language revision.
  4. Page 6.80 Updated nonproducing mining claim valuation example with 2015 rate.
  5. Page 6.85 Updated nonproducing severed mineral interest valuation example with 2015 rate.
  6. Page 6.91 Updated economic royalty rates in Addendum 6-A, Sand & Gravel Economic Royalty Rates.
  7. Pages 6.93-6.94 Updated discount rate and steam coal pricing in Addendum 6-B, Coal & Other Rates and Prices.
  8. Page 6.95 Updated discount rate and sinking fund factor in Addendum 6-C, Hoskold Factors Worksheet.
  9. Page 6.101 Updated BBB bond rate in Addendum 6-J, Oil & Gas Netback BBB Bond Rate, NERF, and NERF Spreadsheet Instructions.
  10. NERF & SIRF Updated dates and BBB bond rate in NERF & SIRF forms and instructions.
D. ARL Volume 5, Chapter 7, Special Issues in Valuation
  1. Page 7.88 Comment added to Ski Area Possessory Interest valuation example to be updated in March of 2015.
  2. Page 7.113 2014 Possessory Interest Valuation Rates removed.  Comment added to be updated in March of 2015.
E. ARL Volume 5, Chapter 1, Applicable Property Tax Laws
  1. Page 1.15 Updated number of days to file an appeal as per 24-4-106(11)(b).
  2. Page 1.20 Updated number of days to file an appeal as per 24-4-106(11)(b).
F. ARL Volume 5, Chapter 2, Discovery, Listing, and Classification  
  1. Page 2.21 Added clarifying language to "first use" exemption.
G. ARL Volume 5, Chapter 4, Personal Property Tables
  1. Page 4.3 Updated Cost Factor Table example.
  2. Page 4.4 Updated Percent Good Table example.
  3. Page 4.6 Updadted Level of Value Factor example.
  4. Page 4.7 Updated date in Addendum 4-A, Industry Category Table.
  5. Pages 4.8-4.10 Updated dates and factors in Addendum 4-B, Cost Factor Tables.
  6. Pages 4.11-4.12 Removed unnecessary abbriviation, moved cable/satellite economic lives to ARL 5, Chapter 7, and consolidated furnishings category in Addendum 4-C, Economic Life Estimates.
  7. Pages 4.14-4.15 Updated dates and rates in Addendum 4-D, Percent Good Tables.
  8. Page 4.16 Updated dates and factors in Addendum 4-E, Level of Value Factors.
  9. Page 4.17 Updated dates and rates in Addendum 4-F, consolidated exemple.
H. ARL Volume 5, Chapter 6, Oil and Gas Equipment Valuation
  1. Pages 6.4, 6.10
Updated adjustment (rollback) factor date for oil and gas equipment.
 
  2. Pages 6.23-6.24 Updated rates in Addendum 6-C, Additional Installed Equipment List for oil and gas equipment valuation.
  3. Pages 6.25-6.27
Updated rates in Addendum 6-D, Stored Equipment List for oil and gas equipment valuation.
  4. Pages 6.29-6.40 Updated BEL rates used in Addendum 6-E, examples of Well Equipment Appraisals.
  5. Pages 6.41-6.240 Updated BEL Tables.
I. ARL Volume 5, Chapter 7, Special Issues
  1. Page 7.6 Updated high-tech drill rig language and Level of Value (LOV) adjustment (rollback) factor date.
  2. Page 7.13-7.14 Updated oil and gas pipeline gathering system valuation examples.
  3. Page 7.20 Updated oil and gas pipeline capitalization rates and valuation example.
  4. Page 7.26 Updated oil and gas pipeline gathering system valuation example.
  5. Page 7.28 Updated oil and gas pipeline field equipment and structure valuation examples and dates.
  6. Page 7.48 Deleted unnecessary language regarding satellite communcations personal property, this is now included in the additions on page 7.52-7.53.
  7. Page 7.51 Added clarifying language regarding medical personal property tables.
  8. Pages 7.52-7.53 Added clarifying language concerning economic life estimates for cable/satellite television personal property.
  9. Pages 7.56-7.57 Removed the 2014 Renewable Energy Rate, added clarifying language, and revised example calculation regarding the future publication of the rate in March 2015.
  10. Pages 7.60-7.62 Updated dates, market valuation depth schedule, drill pipe and drill collar rates, and valuation example for drill rigs in Addendum 7-A, Drilling Rig Depth Schedule for 2015.
  11. Page 7.64 Updated date and RCN Trending Factors and Percent Good Tables for pipeline systems in Addendum 7-B, Cost Trending Factors and Percent Good Table for 2015.