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Bill clarifies two‑year reappraisal cycle for locally assessed property
House Taxation Committee · January 9, 2025
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Summary
House Bill 90 would amend statute to explicitly state locally assessed real property is on a two‑year reappraisal cycle; department and industry witnesses said the change codifies current practice and reduces disputes.
House Taxation Committee members heard that House Bill 90 simply codifies the Department of Revenue's existing practice of valuing locally assessed real property on a two‑year reappraisal cycle.
Representative Russ Minor introduced the bill on behalf of the Department of Revenue, explaining it "would amend 15‑7‑111…
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