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HB 1032 - Ad Valorem Tax Assessment - Assessors to list Federal and State Restrictions Property Tax Assessment - Information to be Provided by Assessors
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Tracking Level: Evaluating
Sponsor: Lynn Smith (R)
Last Action: 3/12/2018 - House Second Readers
House Committee: Ways and Means
Assigned To:
Larry RamseyNext Bill
Property TaxNext Bill

Staff Analysis of the Legislation

This bill changes the definition of fair market value for ad valorem tax purposes by requiring the tax assessor to list the exact restrictions or use limitations on property resulting from federal or state law or from rules and regulations that are used in determining fair market value.

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

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