§ 58-1-3291

Any building and enclosure which may have been increased in value to $500 or upwards, by repairs or additions thereto, shall be assessed in the same manner as if they were new.\nNew buildings shall be assessed, whether entirely finished or not, at their actual value at the time of assessment.\nCode 1950, §§ 58-811, 58-812; 1974, c. 133; 1983, c. 161; 1984, c. 675.