10-6-35.25. New commercial residential structures and additions specifically classified for tax purposes. Any new commercial residential structure, or addition to an existing structure, which new structure or addition has a true and full value of thirty thousand dollars or more, added to real property is specifically classified for the purpose of taxation. For purposes of this section, a commercial residential structure shall contain four or more units.
Source: SL 1994, ch 79, § 2; SL 2000, ch 42, § 16.
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