Skip to main content
Senate Bill 0152


Senate Bill 0152

ARCHIVE (2013)

Latest Information

 

DIGEST OF SB 152 (Updated April 26, 2013 10:25 am - DI 58)


Property tax assessments. Provides that in the case of real property that is the subject of a property tax appeal in which the gross assessed value is reduced by the property tax assessment board of appeals (PTABOA), if the assessed value is increased above the amount determined by the PTABOA the assessor has the burden of proving that the assessment is correct. Specifies that this provision does not apply to real property that was valued using the income capitalization approach in an appeal. Specifies that when a taxpayer is entitled to interest, the interest shall be computed using the rate in effect for each particular year covered by a refund or credit. Specifies that when a taxpayer is required to pay interest, the interest shall be computed using the rate in effect for each particular year in which the interest accrued.
    Current Status:
     Law Enacted
    >Latest Printing > (PDF)