S363 Summary

• Requires county boards of equalization and review to modify property tax appraisals to the value provided by an appellant's certified general real estate appraiser and include that appraisal in the record for any subsequent appeal.

• Mandates that when a county appeals a board's decision based on an appellant's accepted appraiser appraisal, the county must provide both its own appraisal and an appraisal from a third certified general real estate appraiser mutually chosen by both parties' appraisers.

• Requires the Property Tax Commission to modify appealed appraisals to the average value of the appraisals provided when a county has filed an exception under these circumstances.

• Effective upon enactment and applies to appeals to boards of equalization and review commenced on or after the effective date.