§11-3-15e. Contents of petition based on income approach to value
of real property.
(a) A petition that is filed with the assessor under section
fifteen-c or fifteen-d of this article based on the income approach
to value shall include income and expense data relating to the
property for the three most recent consecutive fiscal years of the
petitioner ending on or before June 30 preceding the then current
assessment year. If the income and expense data is not available
to the petitioner, the petitioner shall file with the petition such
income and expense data as is available. The Tax Commissioner, by
rule, may establish additional information to be filed if the
required income and expense data are not available.
(b) If a petitioner under this article uses the income
approach to determine valuation, the petitioner, an officer of a
corporate petitioner, a general partner or a designated agent shall
file a sworn affidavit under penalty of perjury that the
information contained in the petition is true and correct to the
best of the petitioner's knowledge.