Bill
Bill > H0211
ID H0211
ID H0211Amends existing law to revise provisions regarding the market value of a residential property on appeal by a taxpayer.
summary
Introduced
02/18/2021
02/18/2021
In Committee
03/01/2021
03/01/2021
Crossed Over
02/26/2021
02/26/2021
Passed
Dead
05/12/2021
05/12/2021
Introduced Session
2021 Regular Session
Bill Summary
PROPERTY -- Amends existing law to revise provisions regarding the market value of a residential property on appeal by a taxpayer.
AI Summary
This bill amends existing law to revise provisions regarding the market value of a residential property on appeal by a taxpayer. Specifically, the bill states that if the appealing property owner voluntarily provides the assessor with a documented sales price from an arm's-length transaction completed within the previous 12 months, that documented sales price will establish the market value for assessment purposes of the property. The bill also clarifies that there is no requirement to disclose a documented sales price relating to the real property by any individual or entity.
Committee Categories
Budget and Finance, Justice
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Revenue and Taxation Committee (House)
Last Action
Introduced, read first time; referred to: Local Government & Taxation (on 03/01/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.idaho.gov/sessioninfo/2021/legislation/H0211/ |
| BillText | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2021/legislation/H0211.pdf |
| Fiscal Note/Analysis - Statement of Purpose / Fiscal Note | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2021/legislation/H0211SOP.pdf |
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