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1997 SESSION

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HB 2558 Classification of tangible personal property; use of ratios.

Introduced by: C. Richard Cranwell | all patrons    ...    notes | add to my profiles

SUMMARY:

Valuation of tangible personal property; use of ratios. Provides that the commissioner of the revenue or other assessing official has the responsibility for determining fair market value. Assessing officials are prohibited from using assessment ratios without the concurrence of the local governing body.


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