Bill Summary

by Finance & Tax Subcommittee, Caldwell Co Sponsors: Campbell CS Sponsors: State Affairs Committee

Ad Valorem Taxation: Provides that postmark date of commercial mail delivery service is considered date of filing for certain ad valorem applications or returns; allows certain ad valorem communications to be sent electronically in lieu of first-class mail; provides requirements & conditions applicable to such electronic communications; requires property appraiser to publish notices of date of tax roll certifications & extensions on property appraiser's website; provides that change of ownership for purposes of assessing property at just value does not apply to lessees entitled to homestead; extends time for appealing value adjustment board's denial of taxpayer's application to transfer prior homestead assessment limitations to new homestead; provides for taxation & assessment of bioproduction feedstocks & certain personal property; provides assessment methodology for structures used in production of bioproduction feedstocks; authorizes county to waive annual application requirement for reduction in assessed value of homestead property used to provide living quarters for parents or grandparents of owner or spouse of owner; requires property owner to notify property appraiser if reduction no longer applies. Effective Date: July 1, 2013

   H State Affairs Committee