Property Tax Valuation
| Type | Bill |
|---|---|
| Session | 2023 Regular Session |
| Subjects |
Concerning changes to property tax valuation practices, and, in connection therewith, requiring property tax assessors to consider certain information when valuing real property, requiring certain counties use an alternative protest and appeal procedure in any year of general reassessment of real property that is valued biennially, and clarifying that data that a property tax assessor is required to provide at the request of a taxpayer must include certain information.
Bill Summary:
The act specifies that when a property tax assessor values real property, the property tax assessor shall consider:
- The current use;
- Existing zoning and other governmental land use or environmental regulations and restrictions;
- Multi-year leases or other contractual arrangements affecting the use of or income from real property;
- Easements and reservations of record; and
- Covenants, conditions, and restrictions of record.
At the request of a taxpayer, the law requires a property tax assessor to provide the taxpayer with certain data that the assessor used to determine the value of the taxpayer's property. The act clarifies that the data the assessor is required to provide must include the primary method and rates the assessor used to value the property.
APPROVED by Governor May 24, 2023
EFFECTIVE August 7, 2023
NOTE: This act was passed without a safety clause and takes effect 90 days after sine die.
(Note: This summary applies to this bill as enacted.)
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 05/06/2023 | PA1 |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.003 (Attachment A) | The motion passed without objection. | Vote summary |
| Adopt amendment L.004 (Attachment B) | The motion passed without objection. | Vote summary |
| Refer Senate Bill 23-304, as amended, to the Committee of the Whole. | The motion passed on a vote of 10-0. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Refer Senate Bill 23-304 to the Committee of the Whole. | The motion passed on a vote of 5-2. | Vote summary |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 05/08/2023 | MISC | REPASS |
44
AYE
19
NO
2
OTHER
|
Vote record |
| 05/08/2023 | MISC | RECEDE |
44
AYE
19
NO
2
OTHER
|
Vote record |
| 05/07/2023 | Third Reading | BILL |
44
AYE
20
NO
1
OTHER
|
Vote record |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 05/08/2023 | House Amendments | ADHERE |
35
AYE
0
NO
0
OTHER
|
Vote record |
| 05/04/2023 | Third Reading | BILL |
29
AYE
6
NO
0
OTHER
|
Vote record |
| Date | Location | Action |
|---|---|---|
| 05/24/2023 | Governor | Governor Signed |
| 05/15/2023 | Governor | Sent to the Governor |
| 05/15/2023 | House | Signed by the Speaker of the House |
| 05/10/2023 | Senate | Signed by the President of the Senate |
| 05/08/2023 | Senate | House Considered Senate Adherence - Result was to Recede |
| 05/08/2023 | Senate | Senate Considered House Amendments - Result was to Adhere |
| 05/07/2023 | House | House Third Reading Passed - No Amendments |
| 05/06/2023 | House | House Second Reading Special Order - Passed with Amendments - Committee, Floor |
| 05/05/2023 | House | House Committee on Finance Refer Amended to House Committee of the Whole |
| 05/04/2023 | House | Introduced In House - Assigned to Finance |
| 05/04/2023 | Senate | Senate Third Reading Passed - No Amendments |
| 05/03/2023 | Senate | Senate Second Reading Special Order - Passed - No Amendments |
| 05/02/2023 | Senate | Senate Committee on Finance Refer Unamended to Senate Committee of the Whole |
| 05/01/2023 | Senate | Introduced In Senate - Assigned to Finance |
Prime Sponsor
Sponsor
Co-Sponsor
| Effective Date | Chapter # | Title | Documents |
|---|---|---|---|
| 08/07/2023 | 259 | Property Tax Valuation |