2013 Senate Bill 511

Revise property tax assessment detail

Introduced in the Senate

Sept. 18, 2013

Introduced by Sen. Tom Casperson (R-38)

To establish that in assessing a property’s value for property tax purposes, “if the existing use is financially feasible and is more profitable than modification or redevelopment,” then it should be considered the “highest and best use of the property” and used to determine the true cash value.

Referred to the Committee on Finance