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Bills · 2019-2020 Regular Session

SB 624

Died at session end Official bill text Atom feed

Relating to: prohibiting an assessor from changing the valuation of property based solely on a recent sale of the property. (FE)

Property tax — Assessment

  1. Introduced, stopped here
  2. Passes Senate, not reached
  3. Passes Assembly, not reached
  4. Governor signs, not reached
  5. Law, not reached

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

Current law requires that, to determine a property's value for property tax

purposes, the assessor consider recent arm's-length sales of the property to be

assessed if according to professionally acceptable appraisal practices those sales

conform to recent arm's-length sales of reasonably comparable property. This bill

prohibits an assessor from changing the assessed value of a property based solely on

the recent arm's-length sale of the property unless the change in assessed value

corrects a previous assessment based on incorrect information about the physical

characteristics of the property.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Craig (R) , Nass (R)

14 cosponsors

Brooks (R) , Edming (R) , Gundrum (R) , Horlacher (R) , Hutton (R) , Knodl (R) , Kuglitsch (R) , Kulp (R) , Magnafici (R) , Murphy (R) , Ramthun (R) , Skowronski (R) , Thiesfeldt (R) , Wichgers (R)

Votes

Senate: Report adoption of Senate Substitute Amendment 1 recommended by Committee on Agriculture, Revenue and Financial Institutions, Ayes 9, Noes 0

Passed 9–0 Feb 13, 2020 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Senate: Report passage as amended recommended by Committee on Agriculture, Revenue and Financial Institutions, Ayes 9, Noes 0

Passed 9–0 Feb 13, 2020 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Full history

  1. Dec 19, 2019 · Senate

    Introduced by Senators Craig and Nass; cosponsored by Representatives Brooks, Gundrum, Horlacher, Knodl, Kuglitsch, Kulp, Magnafici, Murphy, Ramthun, Skowronski, Thiesfeldt and Wichgers

  2. Dec 19, 2019 · Senate

    Read first time and referred to Committee on Agriculture, Revenue and Financial Institutions

  3. Jan 13, 2020 · Senate

    Fiscal estimate received

  4. Jan 29, 2020 · Senate

    Senate Substitute Amendment 1 offered by Senator Craig

  5. Jan 31, 2020 · Senate

    Representative Hutton added as a cosponsor

  6. Feb 6, 2020 · Senate

    Public hearing held

  7. Feb 11, 2020 · Senate

    Representative Edming added as a cosponsor

  8. Feb 13, 2020 · Senate

    Available for scheduling

  9. Feb 13, 2020 · Senate

    Executive action taken

  10. Feb 13, 2020 · Senate

    Report adoption of Senate Substitute Amendment 1 recommended by Committee on Agriculture, Revenue and Financial Institutions, Ayes 9, Noes 0

  11. Feb 13, 2020 · Senate

    Report passage as amended recommended by Committee on Agriculture, Revenue and Financial Institutions, Ayes 9, Noes 0

  12. Feb 14, 2020 · Senate

    Placed on calendar 2-19-2020 pursuant to Senate Rule 18(1)

  13. Feb 19, 2020 · Senate

    Read a second time

  14. Feb 19, 2020 · Senate

    Laid on table

  15. Apr 1, 2020 · Senate

    Failed to pass pursuant to Senate Joint Resolution 1