Bill Title: Property tax assessment. Provides that: (1) the true tax value of real property improvements shall be determined by using the cost approach, in which the value of real property improvements is equal to the estimated replacement cost (new) of the real property improvements, less any depreciation; and (2) the true tax value of the land on which the real property improvements are located is equal to the value of vacant land as specified in the land values determined by the county assessor. Requires that the same value of vacant land as specified in the land values must be used for

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2017-01-17 - First reading: referred to Committee on Ways and Means [HB1371 Detail]

Text: Latest bill text (Introduced) [PDF]

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