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HB 0990 - Three Year Assessment Valuation Lock
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Tracking Level: Support
Sponsor: Powell, Jay 171st
Last Action: 3/2/2016 - Senate Read and Referred
House Committee: W&M
Senate Committee: FIN
Assigned To:
Clint MuellerNext Bill
Property TaxNext Bill

Staff Analysis of the Legislation

The current House substitute to thsi bill (LC 34 4892ERS) clarifies that the three year assessment lock resulting from a property tax appeal only applies when a final decision to reduce the value is made by the Board of Equalization, hearing officer, arbitrator, Superior Court or by written agreement between the tax assessor and the property owner.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text






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