For purposes of this chapter, the assessed value of any real property in a tax increment financing district created pursuant to chapter 11-9 is the total assessed value of the real property as determined by the Department of Revenue pursuant to § 11-9-24, until the tax increment financing district ceases to exist as provided in § 11-9-46. This section applies to tax increment financing districts created after June 30, 2018.

Source: SL 2018, ch 70 , § 2.