§ 51-15. Application.

A. 

Such exemption shall be granted only upon application by the owner of such building on a form prescribed by the Board. The original of the application shall be filed with the Assessor on or before May 1, which is the taxable status date, and a copy shall be filed with the State Board of Equalization and Assessment. The applicant shall also submit a copy of the building permit as well as the application for such permit.

B. 

If the Assessor is satisfied that the applicant is entitled to an exemption pursuant to this article, he shall approve the application, and such buildings shall thereafter be exempt from taxation and special ad valorem levies as herein provided commencing with the assessment roll prepared after the taxable status date referred to in Subsection A of this section.

C. 

The assessed value of any exemption granted pursuant to this article shall be entered by the Assessor on the portion of the assessment roll provided for property exempt from taxation.