Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2012
 

Revenue and Taxation Code

Property Taxation

Part 2. Assessment

Chapter 3. Assessment Generally

Article 1. General Requirements

Section 401.5

401.5. Board shall issue data to assessors. The board shall issue to assessors data relating to costs of property, or, with respect to commercial and industrial property, shall, after a public hearing, review and approve commercially available data, and shall issue to assessors other information as in the judgment of the board will promote uniformity in appraisal practices and in assessed values throughout the state. An assessor shall adapt data received pursuant to this section to local conditions and may consider that data together with other factors as required by law in the assessment of property for tax purposes.

History.—Added by Stats. 1947, p. 2301, in effect September 19, 1947. Stats. 1996, Ch. 1087, in effect January 1, 1997, substituted ", or, with respect to commercial and industrial property, shall, after a public hearing, review and approve commercially available data, and shall issue to assessors" for "and such" after "costs of property", and substituted "state" for "State" after "throughout the" in the first sentence; and substituted "An assessor shall adapt data received pursuant to this section to local conditions and may consider that data" for "These data shall be adapted to local conditions and may be considered by the assessors" in the second sentence.