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Appraisers, lenders back removing 80‑acre disclosure exemption from deeds; committee holds vote open
Summary
A bill that would remove the deed‑recording exemption for agricultural parcels under 80 acres drew strong support from appraisers, Farm Credit and lenders who said the change would reduce appraisal costs and improve valuation accuracy; committee voted to advance but held the roll call open for an absent member.
Senator Dean Rummel introduced Senate Bill 2152, proposing to remove the exemption in the statute that currently allows agricultural parcels smaller than 80 acres to avoid recording a "statement of full consideration" on deeds. "This will provide for more transparency and access to the market value information for the public and for appraisers and tax directors," he told the committee.
Appraisers and…
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