§ 65-15. Preservation of ratio of exemption to assessment.

Latest version.

If the ratio between the exemption granted under this article and the total assessed value of the real property for which such exemption has been granted increases or decreases due only to a change in the manner of assessing real property in the tax district in which such property is located, the amount of the exemption heretofore or hereafter granted shall be increased or decreased in such subsequent year in the same proportion as the total assessed value has been increased or decreased.

                    
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