Skip to main content

Introduced House Bill (H)

DIGEST

Taxation of self-service storage facilities. Provides that the true tax value of a self-service storage facility for property tax purposes shall be determined by the cost approach less normal depreciation and normal obsolescence under the rules and guidelines of the department of local government finance. Specifies other conditions applicable to the valuation of self-service storage facilities for property tax purposes. Defines "self-service storage facility". Taxation of self-service storage facilities. Provides that the true tax value of a self-service storage facility for property tax purposes shall be determined by the cost approach less normal depreciation and normal obsolescence under the rules and guidelines of the department of local government finance. Specifies other conditions applicable to the valuation of self-service storage facilities for property tax purposes. Defines "self-service storage facility".