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Senate taxation panel advances bill clarifying two‑year reappraisal cycle for locally assessed property
Summary
The Senate Taxation Committee heard House Bill 90, a Department of Revenue–backed measure clarifying that all locally assessed real property is reappraised on a two‑year cycle; the committee later concurred with the House on the measure during executive action.
House Bill 90, a Department of Revenue‑sponsored measure to clarify the reappraisal schedule for locally assessed property, won committee approval after a brief hearing and later received the committee’s concurrence vote during executive action. Representative Russ Minor introduced the bill and said it would “amend 15‑7‑111 to clarify: all locally assessed real property is valued on a two‑year reappraisal cycle.”
The bill does not change the department’s practice, the department’s witness told the committee. Paula Gilbert,…
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