Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2016
Property Tax Annotations
670.0000 PRIVATE RAILROAD CAR TAX
670.0001 Assessment By Car Class. The Private Railroad Car Tax is assessed against car classes, not individual cars. If a class of car is owned on the lien date, it will be assessed on the basis of the presence of that class of car in the state during the calendar year prior to the lien date. Likewise, if a person does not own a car of a particular class on the lien date, that car class will not be assessed, regardless of the presence of cars of that class in the state during the preceding year. C 6/22/1992; C 8/30/1996.