Committee considers changes to appraisal process for historic or restricted properties
Senate Bill 2553 (committee substitute) would let property owners of historic or archaeologically restricted parcels protest the appraised value of land separately from improvements; sponsor said the change reflects restrictions that reduce market value relative to neighboring parcels.
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Senate Bill 2553, offered as a committee substitute, was presented to the Committee on Local Government to address how chief appraisers value land with historic or archaeological restrictions.
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