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Committee reviews obsolescence calculations; asks for tax-impact breakdown including wind turbines
Summary
The Joint Revenue Interim Committee reviewed Department of Revenue obsolescence data and asked staff to convert fair‑market figures into estimated tax impacts and to clarify appraisal practices for difficult assets such as idle wind turbines.
The Joint Revenue Interim Committee heard a briefing on how functional and economic obsolescence is recorded and applied to commercial and industrial property, and members asked staff for clearer tax‑impact figures and documentation practices for unusual cases including inactive wind turbines. Ken Gill, Property Tax Division, Department of Revenue, told the committee he pulled aggregate queries of obsolescence by county and that the figures presented were in fair‑market (full) value rather than assessed value.
The issue matters because obsolescence adjustments reduce taxable value on specific accounts. "This is the amount per county that has been added to individual accounts," Gill…
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