SB 52 Requires county assessors to consider market factors in determining the value of real property for tax purposes
Sponsor: Cunningham
LR Number: 0222S.01I Fiscal Note: 0222-01N.ORG
Committee: Ways and Means and Fiscal Oversight
Last Action: 5/13/2011 - S Informal Calendar S Bills for Perfection--SB 52-Cunningham Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2011

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Current Bill Summary

SB 52 - This act requires county assessors to consider foreclosures, bank sales, and the average time homes remain on the market when establishing the value of parcels of real property for property tax purposes.

This act is similar to provisions contained within Senate Bill 671 (2010).