SB 167
Provides that assessed value of property may be value determined to be necessary to effect fairness and equity in assessed values of property and property in same area in same property class, provided value so determined is not greater than maximum assessed value or real market value of property.
| Status | In Senate Committee (SFR) |
| Requested by | (at the request of Bert Dunn) |
| Sponsors | Lee Beyer (Democrat) (Chief) |
| Fiscal impact | May have fiscal impact, but no statement yet issued |
| Revenue impact | May have revenue impact, but no statement yet issued |
Bill Text
Allows assessed property values to be adjusted for fairness and equity in property class valuations.
Sponsors#
Chief Sponsors: Lee Beyer
Overview#
Provides that assessed value of property may be value determined to be necessary to effect fairness and equity in assessed values of property and property in same area in same property class, provided value so determined is not greater than maximum assessed value or real market value of property. Takes effect on 91st day following adjournment sine die.
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2021-01-11 | S | Introduction and first reading. Referred to President's desk. |
| 2021-01-19 | S | Referred to Finance and Revenue. |
| 2021-06-26 | S | In committee upon adjournment. |