Relating to the Valuation of Retail Sales Facilities

Last updated: May 31, 2021

Details about this bill
Category: Taxation
Status: Carried Over
Sponsor: Representative Ann Matlack, House 92
Session: 130
Bill #: LD 1129

Position:

Monitoring. However, this seems to be a new version of last session's "dark stores" bill.

Summary:

Representative Matlack of St. George provides that, in establishing the just value of retail sales facilities, consideration must be given to 3 recognized approaches to valuation of commercial property and that the assessor must consider the value of reasonably similar properties with regard to age, condition, use, type of construction, location, design, physical features and economic characteristics.