Select a different bill

HB 0741 - Ad Valorem Taxation - Consideration of Income Data
Login to post your comments

Tracking Level: Support
Sponsor: John Corbett
Last Action: 1/29/2018 - House Second Readers
House Committee: Ways and Means
Assigned To:
Larry RamseyNext Bill
Property TaxNext Bill

Staff Analysis of the Legislation

This bill amends the definition of 'fair market value' for ad valorem tax purposes. Currently, the income approach is required to be used if data is available and the bill will change this standard to merely being 'considered' rather than required. Also, under current law, if the owner voluntarily supplies actual income and expense data, it is required to be considered. The bill will change this standard to the data merely being one component of the fair market value determination.

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

Copyright @1996-2015 Association County Commissioners of Georgia