Wed, May 16, 2012
The definition of "qualified manufacturing property" is fairly complex, see bill for more details.
This bill would require the assessor, in cooperation with the tax collector, to estimate whether property valuations have decreased by 3% or more and, if so, require the assessor to issue a written report to the governing body within 30 days. This bill would require the assessor to notify entities affected by the decrease in property valuation.
Costs related to this bill may be reimburseable by the state.