7-64-206 - Limitation on value of principal residence. [For contingent repeal of this section, see the Compiler's Notes].
7-64-206. Limitation on value of principal residence. [For contingent repeal of this section, see the Compiler's Notes].
The limitation on value of the principal place of residence shall be under fifty thousand dollars ($50,000) and shall be determined by the appraised fair market value as it appears on the records of the county assessor and not the reduced assessment.
[Acts 1980, ch. 659, § 6.]