Introduced
by
To establish that the actual sale price of real estate when 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, tax assessors are required to determine a value for the property 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 Finance
