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Rep. Washburn introduces option for counties to use purchase price as property assessment; appraisers raise enforcement concerns
Summary
Representative Washburn presented House Resolution 250, a proposed constitutional amendment that would let counties optionally use a property's purchase price as its assessed value, with reassessment only after sale or major improvements; county assessors and local government groups raised enforcement and equity concerns.
Representative Washburn presented House Resolution 250 to the Ablorem subcommittee, explaining it would amend the state constitution to "let the governing authority of any county or consolidated government adopt an alternative method of appraisal and assessment of real property located within such county." He said the proposal is optional, can be put to a local referendum at the governing authority's discretion, and can be rescinded after five years.
Under the measure as described by Washburn, when a parcel is sold the purchase price would become the assessed value and would remain the assessed value until the next sale. He said the rule would apply to all parcels, not only homesteads, and that "if a substantial improvement is made to the…
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