This Bill is a version of 2018 HB 307. The House unanimously passed the Bill last year, but it failed on the Senate Floor when time ran out. 

The Revenue and Taxation Interim Committee recommends this Bill to address the issue of outlier property valuations that can occur in counties that use a mass appraisal system. 

In part, the Bill provides two procedural safeguards for taxpayers: 1- The Bill requires county assessors to do a case-by-case review of outlier properties wherein the property's assessed value is 15% above the median property value and is at least $10,000; 2- The Bill establishes a presumption to determine the fair market value for a taxpayer who successfully appealed their valuation the previous year. 

The Bill proposes retrospective operation to January 1, 2019.