SB 1399
Modifies provisions relating to property tax assessments
Sponsor:
LR Number:
5155S.01I
Last Action:
2/26/2024 - Second Read and Referred S Economic Development and Tax Policy Committee
Journal Page:
Title:
Effective Date:
August 28, 2024

Current Bill Summary

SB 1399 - This act requires a county assessor, when determining the true value of real or personal property, to use the assessed value determined during an appeal relating to such property. (Section 137.275)

Additionally, current law allows a taxpayer to be awarded the costs of an appeal and reasonable attorney's fees when an assessor classifies real property under a classification that is contrary to or in conflict with a determination made by the State Tax Commission or a court of competent jurisdiction. This act applies such provision to personal property. (Section 138.430)

JOSH NORBERG

Amendments

No Amendments Found.