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HB 296 - Property; certain tax values; amend provisions

Smith, Paul E (12th)	Royal, A. Richard (164th)	Childers, E. (Buddy) M (13th)
Reece, Barbara Massey (11th)	Hembree, Bill (98th)

Status Summary	HC:	W&M	SC:		FR:	01/28/99	LA:	01/29/99	H - Read 2nd Time

First Reader Summary

A BILL to amend Code Section 48-5-299 of the Official Code of Georgia Annotated, relating to ascertainment of taxable property, so as to change certain provisions with respect to values which are established by appeal; and for other purposes.

HB 296                                             LC 18 9073 
 
 
 
 
 
 
                        A BILL TO BE ENTITLED 
                               AN ACT 
 
 
  1- 1  To amend Code Section 48-5-299 of the Official Code of 
  1- 2  Georgia Annotated, relating to ascertainment of taxable 
  1- 3  property, so as to change certain provisions with respect to 
  1- 4  values which are established by appeal; to provide an 
  1- 5  effective date; to provide for applicability; to repeal 
  1- 6  conflicting laws; and for other purposes. 
 
  1- 7       BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA: 
 
  1- 8                           SECTION 1. 
 
  1- 9  Code Section 48-5-299 of the Official Code of Georgia 
  1-10  Annotated, relating to ascertainment of taxable property, is 
  1-11  amended by striking subsection (c) and inserting in its 
  1-12  place a new subsection (c) to read as follows: 
 
  1-13    "(c) Real property, the value of which was established by 
  1-14    an appeal in any year, that has not been returned by the 
  1-15    taxpayer at a different value during the next two three 
  1-16    successive years, may not be changed by the board of tax 
  1-17    assessors during such two three years for the sole purpose 
  1-18    of changing the valuation established or decision rendered 
  1-19    in an appeal to the board of equalization or superior 
  1-20    court.  In such cases, before changing such value or 
  1-21    decision, the board of assessors shall first conduct an 
  1-22    investigation into factors currently affecting the fair 
  1-23    market value.  The investigation necessary shall include, 
  1-24    but not be limited to, a visual on-site inspection of the 
  1-25    property to ascertain if there have been any additions, 
  1-26    deletions, or improvements to such property or the 
  1-27    occurrence of other factors that might affect the current 
  1-28    fair market value and a review to determine if there are 
  1-29    any errors in the description and characterization of such 
  1-30    property in the files and records of the board of tax 
  1-31    assessors." 
 
 
 
 
 
 
                                 -1- 
 
 
 
  2- 1                           SECTION 2. 
 
  2- 2  This Act shall become effective on January 1, 2000, and 
  2- 3  shall be applicable to all taxable years beginning on or 
  2- 4  after that date. 
 
  2- 5                           SECTION 3. 
 
  2- 6  All laws and parts of laws in conflict with this Act are 
  2- 7  repealed. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                 -2-