The lands, buildings, machinery, and mains belonging to individuals or corporations operating waterworks or gasworks or pipelines, except those natural gas pipelines permitted pursuant to chapter 479, shall be listed and assessed by the department of revenue and finance. In the making of assessments of waterworks plants, the value of any interest in the property assessed, of the municipal corporation where it is situated, shall be deducted, whether the interest is evidenced by stock, bonds, contracts, or otherwise.
[C97, § 1343; C24, 27, 31, 35, 39, § 6979; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 428.24; 81 Acts, ch 31, § 9]
83 Acts, ch 101, § 88; 98 Acts, ch 1194, § 29, 40
Referred to in § 422.45, 427A.1, 427B.17, 427B.26, 428.28, 437.12, 437.13, 441.73
1998 amendment is effective January 1, 1999, and applies to property tax assessment years and replacement tax years beginning on or after that date; 98 Acts, ch 1194, § 40
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