15-6-137. Class seven property -- description -- taxable percentage.
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15-6-137 . Class seven property -- description -- taxable percentage.
(1)Except as provided in subsection (2), class seven property includes:
(a)all property owned by cooperative rural electrical associations that serve less than 95% of the electricity consumers within the incorporated limits of a city or town, except rural electric cooperative properties described in 15-6-141 (1)(c);
(b)electric transformers and meters; electric light and power substation machinery; natural gas measuring and regulating station equipment, meters, and compressor station machinery owned by noncentrally assessed public utilities; and tools used in the repair and maintenance of this property.
(2)Class seven property does not include wind generation facilities, biomass generation facilities, energy storage facilities classified under 15-6-157 , and property classified under 15-6-163 .
(3)Class seven property is taxed at 8% of its market value.