2008 Senate Bill 1460

Revise property tax assessments to reflect declining values

Introduced in the Senate

Sept. 9, 2008

Introduced by Sen. Jud Gilbert (R-25)

To require local property tax assessors to base assessments on transactions during the past year rather than the past three years, and to include foreclosures, if this would result in lower assessments.

Referred to the Committee on Finance