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ID H0211
Bill
Status
Engrossed
2/26/2021
Primary Sponsor
Revenue and Taxation Committee
Click for details
AI Summary
- Allows residential property owners appealing an assessment to voluntarily provide the assessor with a documented sales price from an arm's-length transaction completed within the previous 12 months of their current ownership
- Establishes that a voluntarily provided documented sales price from such a transaction automatically establishes the market value for assessment purposes
- Makes disclosure of the documented sales price voluntary with no requirement for any individual or entity to disclose it
- Applies only to assessment appeals of residential property, not other property types
- Maintains existing appeal procedures and deadlines for filing with county boards of equalization
Legislative Description
Amends existing law to revise provisions regarding the market value of a residential property on appeal by a taxpayer.
PROPERTY
Last Action
Introduced, read first time; referred to: Local Government & Taxation
3/1/2021
Committee Referrals
Local Government and Taxation3/1/2021
Revenue and Taxation2/19/2021
Full Bill Text
No bill text available