Bill No.: SF0016                  Drafter:  MQ

LSO No.:  10LSO-0173              Effective Date:  3/3/2010

Enrolled Act No.:  SEA0010

Chapter No.:       20

Prime Sponsor:     Joint Revenue Interim Committee

Catch Title:       Property tax-review of assessment.

Subject:  Provides procedures for the review of a property tax assessment.

Summary/Major Elements:

· Current law provides that a taxpayer wishing to review or protest his property tax assessment may review statements of consideration for similar properties within the county available to the county assessor.

· A statement of consideration is filed whenever legal title to real property is transferred and must include the names of the grantor and grantee, date of transfer, date of sale, legal description of the property and the price paid including terms of sale. 

· Bill provides that a taxpayer may request information from the assessor indicating why certain properties were not used in determining the value of his property.

· Bill requires that any person wishing to review his property tax assessment must contact the county assessor within 30 days after the date of the assessment schedule.