Current use valuation of working waterfront land

1. Comparative valuation. The assessor may determine the current use value of working waterfront land by considering: 2. Alternative valuation. If there is insufficient data to determine the current use value of working waterfront land under subsection 1 , the assessor may reduce the ordinary assessed valuation of the land, without regard to permanent protection restrictions and as reduced by the certified ratio, by applying the percentage reductions for which the land is eligible according to the following categories.