15-6-227. Property on railroad land leased by nonprofit organizations. (1) A building and appurtenant land or just the appurtenant land, not exceeding 2.5 acres, owned by a railroad as defined in 69-14-102 and leased for less than $100 a year to a nonprofit organization exempt from taxation under section 26 U.S.C. § 501(c)(3) or to a government entity is exempt from property taxation if:

(a)the building was constructed on a railroad right-of-way by a railroad prior to the year 2000; and

(b)the property is directly used for purely public charitable purposes.

(2)A building and land exempted under this section are subject to fees and assessments for services and special improvements that are collected with property taxes.