SB 430

Under current law, if the Department of Revenue (DOR) determines that the

assessed value of each major class of property of a taxation district has not been

established within 10 percent of the full value of the same major class of property

during the same year at least once during a four-year period, DOR notifies the

taxation district clerk that the district's assessment staff must participate in an

assessor educational program if the required assessed value of the major class of

property has still not been established in the year following the notice. If the

required assessed value has still not been established in the next year, DOR must

appoint one or more qualified persons to assist the local assessor with subsequent

assessments. Under current law, a major class of property is any class of property

that includes more than 5 percent of the full value of the taxation district.

This bill eliminates the requirement that a taxation district's assessment staff

participate in an assessor education program prior to DOR appointing someone to

assist the staff with subsequent assessments. The bill also provides that a major

class of property is any class of property that includes more than 10 percent of the

full value of the taxation district.