Committee reviews updated draft to create statewide property reappraisal system
Lawmakers and Tax Department officials discussed a revised committee bill that would create 12 regional assessment districts, assign state district advisers, set a six-year reappraisal cycle and change appeal and funding rules; staffing, liability and implementation timing remained key concerns.
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The Ways & Means Committee on March 13 reviewed a revised draft committee bill that would create a statewide property reappraisal system, establish 12 regional assessment districts and direct the Department of Taxes—s Property Valuation and Review (PVR) to assign district advisers and set standards for reappraisals.
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