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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 Ramsey	Next Bill
Property Tax	Next 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.

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