Urban Development Financing

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.).