The full House approved a three-bill package that revises the state’s property reassessment law.
The legislation establishes a state task force to examine the county reassessment process to:
- Develop a set of uniform standards for county reassessment contracting;
- Develop standards for disclosing the county's system of property valuation and assessment;
- Develop a self-evaluation tool for counties to determine when a reassessment is warranted; and
- Recommend a standard to be used for a statewide mandatory reassessment time frame.
In addition, the package creates a task force to develop new procedures for collection and verification of reassessment data to ensure it is representative of the county's property inventory.
Finally, the House approved a measure that would impose a temporary moratorium on countywide property tax reassessments.