It shall be the duty of each county assessor and of each chancery clerk to furnish
the state tax commission with all information with respect to such lands for a project,
showing the legal description, and the estimated value of the land and all elements
thereof. The tax commission may, through its own employees and agents, verify all lists of
lands furnished by the farm security administration, or other United States agency,
county assessors and chancery clerks.
The tax commission is authorized to determine by agreement with the farm security
administration, or other authorized United States agency, the value of the said lands
(real estate) reasonably equal and uniform with the value of other like lands in the
respective counties; and such value shall be considered in determining the sum to
be paid by the United States in lieu of taxes to the state, and political subdivisions. If the farm security administration fails to agree to a value, the tax commission
shall determine the value.
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