Bill Status of HB2646 96th General Assembly
Short Description: PROP TX-ASSESSMENTS
Rep. Dennis M. Reboletti - Darlene J. Senger - Michael G. Connelly - Bob Biggins - Renée Kosel, John D. Cavaletto, Sidney H. Mathias, Ed Sullivan, Jr., Sandy Cole, Mike Bost, Elizabeth Coulson, Kay Hatcher, Robert W. Pritchard, Ronald A. Wait, Patricia R. Bellock and Donald L. Moffitt
| 1/11/2011||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Property Tax Code. Provides that, for the purposes of the definition of 33 1/3%, the fair cash value of property is determined by the lesser of: (1) the Department of Revenue's sales ratio studies for the 3 most recent years preceding the assessment year; or (2) the valuation of the property in the prior year (under the current law, the fair cash value is based on the sales ratio studies).