06 LC
18 3815/AP
House
Bill 560 (AS PASSED HOUSE AND SENATE)
By:
Representatives Martin of the
47th,
Jones of the
46th,
and Geisinger of the
48th
A
BILL TO BE ENTITLED
AN ACT
AN ACT
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
regarding the circumstances under which county boards of tax assessors can
change the valuation of real property established on appeal; to repeal
conflicting laws; and for other purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Code
Section 48-5-299 of the Official Code of Georgia Annotated, relating to
ascertainment of taxable property, is amended by striking subsection (c) and
inserting in its place a new subsection (c) to read as follows:
"(c)
Real property, the value of which was established by an appeal in any year, that
has not been returned by the taxpayer at a different value during the next two
successive years, may not be changed by the board of tax assessors during such
two years for the sole purpose of changing the valuation established or decision
rendered in an appeal to the board of equalization or superior court. In such
cases, before changing such value or decision, the board of assessors shall
first conduct an investigation into factors currently affecting the fair market
value. The investigation necessary shall include, but not be limited to, a
visual on-site inspection of the property to ascertain if there have been any
additions, deletions, or improvements to such property or the occurrence of
other factors that might affect the current fair market value
and.
If a review to determine if there are any
errors in the description and characterization of such property in the files and
records of the board of tax assessors
discloses any
errors, such errors shall not be the sole sufficient basis for increasing the
valuation during the two-year
period."
SECTION
2.
All
laws and parts of laws in conflict with this Act are repealed.