1. (1) Class ten property includes all forest lands, as defined in 15-44-102, and property described in subsection (2).
2. (2) Any parcel of growing timber totaling less than 15 acres qualifies as class ten property if, in a prior year, the parcel totaled 15 acres or more and qualified as forest land but the number of acres was reduced to less than 15 acres for a public use described in 70-30-102 by the federal government, the state, a county, or a municipality and, since that reduction in acres, the parcel has not been further divided.

3. (3) Class ten property is taxed at:

   1. (a) 0.29% of its forest productivity value in tax year 2023;
   2. (b) 0.27% of its forest productivity value in tax year 2024; and
   3. (c) 0.37% of its forest productivity value in tax years after 2024.

History: En. Sec. 2, Ch. 681, L. 1985; amd. Sec. 16, Ch. 773, L. 1991; amd. Secs. 6, 7, Ch. 783, L. 1991; amd. Sec. 1, Ch. 297, L. 1997; amd. Sec. 83, Ch. 584, L. 1999; amd. Sec. 3, Ch. 483, L. 2009; amd. Sec. 1, Ch. 243, L. 2013; amd. Sec. 9, Ch. 361, L. 2015; amd. Sec. 1, Ch. 427, L. 2021; amd. Sec. 1, Ch. 638, L. 2023.