A. When the land surface and standing timber trees are owned by the same person, the
value of the land, inclusive of the standing timber trees, shall be ascertained and
assessed at such ascertained value.
B. In any case when the surface of the land is owned by one person and the standing
timber trees thereon are owned by another, the relative value of each shall be determined
and the owners shall be assessed with the value of their respective interests.
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