HB 1981 Assessment of fair market value.
R. Creigh Deeds (by request) | all patrons    ...    notes
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Summary:
Assessment of fair market value. Provides that localities may elect to adjust their real property assessments annually by reference to the Department of Taxation's annual sales assessment study and that such assessments shall be deemed presumptively correct, subject to rebuttal by either the taxpayer or the taxing authority. Such a methodology could save the locality the costs of undertaking a general reassessment while its property values tracked what might be regarded as a reliable predictor of changes in fair market value.

Full text:
01/20/95  House: Presented & ordered printed LD3346202  pdf

Status:
01/20/95  House: Presented & ordered printed LD3346202
01/20/95  House: Referred to Committee on Finance
01/23/95  House: Assigned to Finance sub-committee: 2
02/08/95  House: No action taken by Finance by voice vote