General Assessment Day

# (a)

the person by whom it was owned or claimed or in whose possession or control it was at midnight of the preceding January 1; or

# (b)

except in the case of land splits, the new owner if the provisions of 15-7-304 have been met and the transfer certificate has been received and processed prior to determining the taxes that are due as provided in 15-10-305 (2).

(3) The department shall also ascertain and assess all mobile homes arriving in the county after midnight of the preceding January 1.

(4) A mistake in the name of the owner or supposed owner of real property does not invalidate the assessment.

(5) The procedure provided by this section does not apply to:

(a) motor vehicles;

(b) motor homes, travel trailers, and campers;

# (c)

watercraft, snowmobiles, and off-highway vehicles;

# (d)

livestock;

# (e)

property defined as special mobile equipment in 61-1-101 that is subject to assessment for personal property taxes on the date that application is made for a special mobile equipment decal;

# (f)

mobile homes and manufactured homes held by a distributor or dealer as stock in trade; and

# (g)

property subject to the provisions of 15-16-203 .