§ 438.13 — Basis of valuation and assessment

Iowa § 438.13

• Jurisdiction: Iowa
• Title X: FINANCIAL RESOURCES
• Ch. 438: PIPELINE COMPANIES TAX

Text

The said property shall be valued at its actual value, and the assessments shall be made
upon the taxable value of the entire pipeline property within the state, except as otherwise
provided, and the actual and taxable value so ascertained shall be assessed as provided
by section 441.21; and shall include the rights-of-way, easements, the pipelines, stations,
grounds, shops, buildings, pumps, and all other property, real and personal exclusively used
in the operation of such pipeline. In assessing said pipeline company and its equipment, the
department of revenue shall take into consideration the gross earnings and the net earnings
for the entire property, and per mile, for the year ending December 31 preceding, and any
and all other matters necessary to enable the department to make a just and equitable
assessment of said pipeline property.

Legislative History

[C31, 35, §7103-d13; C39, §7103.13; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §438.13]