The Assessor must prepare a base assessment roll showing the
value of all taxable property in the urban development area as of January 1
of the year in which the urban renewal district is established. Each year
thereafter, the Assessor must determine the new additional value of property
within this district and must certify this information separately on
listings of value by district submitted to the state tax commission
(§§50-2901 to 50-2912, I.C.).