Bill
Bill > HB1227
MS HB1227
MS HB1227Ad valorem taxation; bring forward certain sections of law relating to determination of true value of property and assessments.
summary
Introduced
02/17/2020
02/17/2020
In Committee
05/11/2020
05/11/2020
Crossed Over
03/12/2020
03/12/2020
Passed
Dead
06/09/2020
06/09/2020
Introduced Session
2020 Regular Session
Bill Summary
An Act To Bring Forward Section 27-35-50, Mississippi Code Of 1972, Which Provides For The Determination Of True Value Of Property For Ad Valorem Taxation Purposes, For The Purposes Of Possible Amendment; To Bring Forward Sections 27-35-87 And 27-35-89, Mississippi Code Of 1972, Which Relate To County Boards Of Supervisors Meetings For The Equalization Of Ad Valorem Tax Assessments And Objections To Ad Valorem Tax Assessments, For The Purposes Of Possible Amendment; And For Related Purposes.
AI Summary
This bill brings forward certain sections of Mississippi law relating to the determination of true value of property for ad valorem (property) taxation purposes. Specifically, it brings forward laws that provide for how the tax assessor should determine the true value of property, including by considering the income, cost, and market data approaches. It also brings forward laws related to county boards of supervisors' meetings for the equalization of ad valorem tax assessments and the process for taxpayers to object to their assessments. The bill does not propose any amendments to these existing laws, but rather maintains them as currently written.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Died In Committee (on 06/09/2020)
Official Document
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