Staff Analysis of the Legislation
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- Provides for additional notice requirements for those that purchase tax executions;
- Prohibits the sale of a tax execution while the value of the property is in appeal;
- Requires partial payment on a property tax bill containing fees or assessments to fully satisfy the property tax liability before applying the rest to the fees or assessments;
- Authorizes counties to form a regional tax assessor’s office or share specialized appraisal staff;
- Establishes a review board under the Department of Revenue to investigate complaints filed on members of a Board of Assessors or Boards of Equalization that have been accused of willful disregard of the law or inappropriate, unprofessional, abusive behavior;
- Requires applicants seeking appointment to the Board of Equalization to disclose their educational background and experience;
- Requires an additional 40 hours of continuing education for members of the Board of Equalization entering their third term;
- Establishes deadlines for the Board of Assessors to respond to appeals;
- Defines the temporary tax payment due while a property is in appeal;
- Further defines the process for having an appeal heard by a hearing officer;
- Further defines the process for having an appeal heard by an arbitrator;
- Places a two year moratorium on penalties for failing to maintain a tax digest in compliance with the state sales ratio study;
- Defines a single contract for collecting city property taxes between the county, city and tax commissioner;
- Requires the purchase price of the property to be disclosed on the PT-61 form.
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