(1) Except as provided in subsection (2), land must be assessed in parcels or subdivisions
not exceeding 640 acres, and tracts of land containing more than 640 acres that have
been sectionized by the United States government must be assessed by sections or fractions
(2) If the department receives the written consent of all persons with an ownership
interest, the department may assess multiple parcels or tracts of land with common
ownership collectively as a single tract of land.
(3) The department shall itemize in the property tax record the description of each
640 acres of land or less, the number of acres, the description, the value of the
land, the value of improvements, and the total value. The property tax record must itemize the description of each town or city lot and
the value of the lot and any improvements on the lot, except that a lot and improvements
must be separately assessed when required under 15-8-111. If all of the unimproved lots of the same value are located in one block or are owned
by the same party, the lots may be described and assessed in a single unit in the
manner prescribed for each lot. Each parcel and lot must be segregated in the property tax record to correlate the
description of the parcel or lot to the total value of the parcel or lot and any improvements
on the parcel or lot.
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