42-13304
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42-13304. Exemptions from limitation A. The limitations prescribed by this article do not apply to: 1. Personal property, other than mobile homes. The full cash value of personal property, other than mobile homes, shall be used for all purposes in lieu of limited property value. 2. Property included in property class one, paragraphs 1 through 7 and 11 under section 42-12001. The full cash value of that property shall be used for all purposes in lieu of limited property value. B. This section does not restrict the determination of full cash value of all parcels or items or property in this state pursuant to article 2 of this chapter for purposes of levying a tax rate for secondary property tax purposes and for all other lawful purposes. |