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
• Committee: Ways and Means and Fiscal Oversight
• Last Action: 5/13/2011 - S Informal Calendar S Bills for Perfection--SB 52-Cunningham
• Effective Date: August 28, 2011

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).

JASON ZAMKUS