IN SB0405

Legislative Description

Assessment of agricultural land. Provides that the soil productivity factors used for the March 1, 2011, assessment of agricultural land must be used for assessment dates occurring after March 1, 2014, unless and until new soil productivity factors are approved in a statute enacted by the general assembly. Specifies the manner in which the department of local government finance (DLGF) shall adopt rules to provide a method for determining the true tax value of agricultural land. Provides that the method in effect for the 2014 assessment date must be used until superseded by a method provided in rules adopted by

Last Action

Committee Referrals