§ 7-205. Community water systems

Latest version.

   Property that is owned by any nonprofit community water corporation is not subject to property tax if the corporation:

   (1) is owned by a majority of the lot owners in the area that the water system serves; and

   (2) charges a rate that is sufficient only to pay for the cost of operating the system.

HISTORY: An. Code 1957, art. 81, § 9; 1985, ch. 8, § 2.

                    
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