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Amendment(s) for HB590
Counties, Cities and Towns, Subcommittee #2
Recommended on 1/31/2018


COUNTIES, CITIES AND TOWNS

1. Line 30, introduced, after law,

insert

in determining the fair market value of

 

COUNTIES, CITIES AND TOWNS

2. At the beginning of line 35, introduced

strike

shall be exempt from assessment for taxation from the owner and from the lessee

insert

the duly authorized real estate assessor shall utilize the income approach and, in so doing, shall consider the property's current use, the contract rent, the income restrictions, and provisions of any arms-length contract, including restrictions on the transfer of title or other restraints on the alienation of the real property