House Bill 1704
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DIGEST OF INTRODUCED BILL
Determination of true tax value. Provides that the rules of the department of local government finance are the only basis for determining the true tax value of tangible property and that local assessing officials may not use different assessment standards. Provides that in an administrative review of an assessment a taxpayer is not required to introduce evidence of a fair market value appraisal or capitalization of income if the assessment under review is not determined using those factors.
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| ||In Committee - first House|