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IN SB0223
Bill
Status
1/6/2016
Primary Sponsor
Doug Eckerty
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AI Summary
Senate Bill 223 Summary
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Restricts annual assessment changes to only the annual adjustment factor, except for changes in objective property features, improvements, or error corrections.
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Prohibits assessing officials from changing underlying parcel characteristics (age, grade, condition) until county reassessment occurs, with limited exceptions requiring written notice and county board review within 10 business days.
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Creates civil penalties of up to $500 for first violations and $1,000 for additional violations, deposited in a new assessment supervision fund, with the department of local government finance overseeing enforcement.
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Extends property tax appeal deadline to any time before July 1 of the year after assessment date and allows taxpayers to use an attorney in fact under power of attorney for appeals and assessment actions.
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Changes criminal standards for assessing officials to include intentional or reckless misconduct in assessments, duty failures, and violations of assessment provisions, with effective dates of May 1, 2016 and July 1, 2016.
Legislative Description
Property tax assessment. Provides, with limited exceptions, that: (1) the only factor permitted to be used in changing the assessed value of most real property from year to year is the annual adjustment factor; and (2) an assessing official may not change the real property's underlying parcel characteristics (including age, grade, or condition of the real property) until the real property has been reassessed under the county's reassessment plan, there is a change in an objective factor or feature relating to a property, or there is a need to correct an error. Provides a process that must be followed by
Last Action
Senator Glick added as third author
1/21/2016