(at the request of House Interim Committee on Revenue)
Chief Sponsors:
Add
Remove
Regular Sponsors:
Add
Remove
Bill Title:
Relating to determinations of maximum assessed value; and prescribing an effective date.
Catchline/Summary:
Requires county assessor to reduce maximum assessed value if taxpayer files petition demonstrating error in square footage of property or that new property or new improvements to property added to tax roll in prior tax year did not exist.Allows taxpayer to petition for reduction of] Requires county assessor to reduce maximum assessed value upon] if taxpayer files petition demonstrating error in square footage of property or that new property or new improvements to property added to tax roll in prior tax year did not exist. Requires correction to maximum assessed value for reduction in square footage to be made in manner determined by assessor] proportional to change in real market value of property that is due to correction of square footage. Provides that new property or new improvements include property that existed but was not included in assessment for prior tax year.
Takes effect on 91st day following adjournment sine die.
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HB 2129
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