Changes to Existing Law
HB1330 — limit the increase of assessed value of property for the purpose of taxation, and to limit the property tax due on property.
2 sections modified+3-7
View:
§ 10-13-37
Amended+3-2
Section 10-13-37 — AMENDED
Property taxes shall be levied on valuations where the median level of assessment represents, at most, eighty-five percent of the market value as determined by the Department of Revenue.
§ 10-6-121
Amended-5
Section 10-6-121 — AMENDED
The median sales to assessment ratio of all real property may not be less than eighty-five percent ormore than one hundred percent.