ID H0561

Allows residential property owners appealing assessments to voluntarily provide a documented sales price from an arm's-length transaction completed within the previous 12 months to establish market value for assessment purposes.

The documented sales price from the owner's current purchase of the residential property becomes the established market value if provided to the assessor during an assessment appeal.

Does not require any individual or entity to disclose documented sales prices relating to real property.

Maintains existing appeal filing deadlines: June fourth Monday for property roll assessments, November fourth Monday for subsequent property roll assessments, and January meeting adjournment date for missed property roll assessments.