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2012 SESSION

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SB 48 Residential rental properties; establishes criteria by which an assessor determines market value.

Introduced by: John C. Watkins | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Assessment of residential rental properties.  Establishes criteria by which an assessor shall determine fair market value for real estate used in whole or in part as residential rental property as defined by ordinance or the locality. Criteria include actual gross income generated, losses due to vacancies, collection losses, and rent concessions as well as actual operating expenses and expenditures. Evidence as to fair market value presented by the property owner shall be considered by the real estate assessor in his property assessment.

FULL TEXT

• 01/04/12  Senate: Prefiled and ordered printed; offered 01/11/12 12100756D  pdf

HISTORY

• 01/04/12  Senate: Prefiled and ordered printed; offered 01/11/12 12100756D
• 01/04/12  Senate: Referred to Committee on Finance
• 01/24/12  Senate: Stricken at request of Patron in Finance (15-Y 0-N)