26 CAR § 230-106. Correlation of value — Weighting percentages

(a)(1) The actual weighting percentages for each approach for the first three (3) years of implementation of this part shall be as follows: Year 1 Year 2 Year 3 Cost 20% 30% 40% Stock and Debt 30% 20% 10% Income Capitalization 50% 50% 50% (2) The weighting percentages specified for Year 3 shall be used for each year after the third year of implementation of this part. (b) For telephone companies in which there is available neither a market price nor appropriate surrogate to develop a reliable stock and debt approach or income capitalization approach, the cost approach alone may be used. (c)(1) In instances in which the property is new, the cost approach alone may be used for the first assessment year. (2) Thereafter, either subsections (a) or (b) of this section shall apply.