Introduced
by
To establish that the actual sale price of real estate when the property is sold shall be presumed to be the "true cash value" for purposes of determining the state equalized and taxable values upon which future property taxes are levied. Under current law, assessors are required to determine a value for the property by using the same valuation method that has been used to value all other property of the same classification in the jurisdiction.
Referred to the Committee on Tax Policy
