Laws, Regulations & Annotations

PTLG Table of Contents > Property Tax Annotations > N > 610.0000 NEWLY CONSTRUCTED PROPERTY > 610.0010

Property Taxes Law Guide – Revision 2017

Property Tax Annotations

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610.0000 NEWLY CONSTRUCTED PROPERTY

Annotation 610.0010

610.0010 Completion Date of Well. A well is completed and subject to supplemental assessment when it is first available for use. Thus, a well that was available for use and placed in production on August 15 would be subject to supplemental assessment on September 1, whereas if the well were available for use on July 15 but was not yet producing, it would be subject to supplemental assessment on August 1. LTA 12/15/1987 (No. 87/100).