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IN HB1125
Bill
Status
1/8/2015
Primary Sponsor
Donna Schaibley
Click for details
AI Summary
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Establishes new criteria for classifying land as agricultural land for property tax purposes, including land ordinarily used for growing crops, raising livestock or poultry, and certain undeveloped lands adjacent to water bodies, woodlands, wetlands, fields, or similar natural features.
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Requires undeveloped land meeting agricultural criteria to be assessed as agricultural land regardless of owner's motives for acquisition, zoning designation, or whether the owner actively farms or raises livestock.
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Directs county assessors to review assessments of lands classified as excess residential property between 2005 and 2015, reclassify eligible parcels as agricultural land for the 2016 assessment date, and authorize refunds for excessive tax payments from that period through December 31, 2017.
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Requires assessors to provide written notice at least 180 days before reclassifying agricultural land as excess residential land, with the property tax assessment board of appeals conducting hearings upon taxpayer request.
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Applies existing contract limitations prohibiting percentage-based compensation to any contracts involving parcel reclassification, consultant services, or defense of reclassification decisions.
Legislative Description
Land classification for tax purposes. Specifies the criteria for classifying land as agricultural land for property tax assessment purposes. Provides that certain undeveloped lands must be assessed as agricultural land regardless of the motives of the owner at the time the owner acquired the land, the zoning designation of the land, or whether the owner uses the land for growing crops or raising livestock or is otherwise engaged in the business of farming. Requires assessing officials to review for compliance with the new criteria the assessments of lands that had been classified as excess residential property for the 2005 through
Last Action
Representative Wright removed as coauthor
2/5/2015