CS/HB 1193 - Taxation of Property

• Removes value adjustment boards' authority to review agricultural and nonagricultural land classifications upon their own motion, limiting reviews to cases where landowners appeal denials of agricultural classification.

• Eliminates the requirement that property appraisers reclassify lands zoned to nonagricultural uses and removes county commissioners' authority to reclassify agricultural lands contiguous to urban development.

• Deletes the evidentiary presumption that land purchased for three or more times its agricultural assessment is not being used for bona fide agricultural purposes.

• Removes value adjustment boards' authority to review historic property and high-water recharge land classifications upon their own motion.

• Restricts value adjustment boards' ability to review property tax exemptions upon their own motion, allowing only property appraiser-initiated reviews with 5 calendar days' notice to applicants; effective retroactively to January 1, 2013.