Relating to the Valuation of Certain Retail Property
| Category: | Taxation |
|---|---|
| Status: | Defeated |
| 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.