Property Tax Assessments

Feb 18, 2013 | 0 comments

(Sen. Doug Eckerty, R-Yorktown; Rep. Bill Davis, R-Portland) Property Tax Assessments provides in the case of real property that is the subject of a property tax appeal where the gross assessed value is determined by the PTABOA if the county assessor increases the assessed value above what was determined by the PTABOA in the appeal, the county assessor has the burden of proving that the assessment is correct (current law places the burden of proof on the county assessor if the assessed value increased by at least five percent (5%) from the prior year). This bill does not apply to real property valued using the income capitalization approach in an appeal, which is typically commercial and industrial property. (Sen. Doug Eckerty, R-Yorktown; Rep. Bill Davis, R-Portland) Property Tax Assessments provides in the case of real property that is the subject of a property tax appeal where the gross assessed value is determined by the PTABOA if the county assessor increases the assessed value above what was determined by the PTABOA in the appeal, the county assessor has the burden of proving that the assessment is correct (current law places the burden of proof on the county assessor if the assessed value increased by at least five percent (5%) from the prior year). This bill does not apply to real property valued using the income capitalization approach in an appeal, which is typically commercial and industrial property. The bill is awaiting assignment to a House committee.

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