Relating to the Valuation of Certain Retail Property

Last updated: Feb 23, 2020

Details about this bill
Category: Taxation
Status: In Committee
Sponsor: Representative Ryan Tipping, House 123
Session: 129
Bill #: LD 2045

Position:

Opposed.

Summary:

This bill provides that, for property tax purposes, retail sales facilities in excess of 20,000 square feet must be valued based on their current use compared to similar properties in their retail market segment or, if vacant, according to their highest and best use.