Transmission of the Values for State-Appraised Industrial Properties

# (1)

(1) The department will transmit the real market values of state-appraised industrial accounts to the assessor prior to July 1 of each year.

# (2)

(2) For each real property account, the real market value transmitted to the assessor by the department will include:

(a) The total real market value of all improvements as of January 1; and

(b) The real market value of all additions minus retirements as of January 1 for purposes of calculating maximum assessed value for the current assessment year.

# (3)

(3) For each personal property account, the real market value transmitted to the assessor by the department will include the total real market value of all personal property assets as of January 1 for the current assessment year.