The grand list of a town or incorporated school district shall consist of one percent of the listed value of the real and personal estate taxable therein. (Added 1969, No. 298 (Adj. Sess.), § 47; amended 1971, No. 261 (Adj. Sess.), § 1 eff. March 14, 1972; 1993, No. 148 (Adj. Sess.), § 1, eff. May 16, 1994; 2005, No. 182 (Adj. Sess.), § 1.)