The proposed bill would amend current statutes regarding the classification and inspection of agricultural property by county assessors. Under the new provisions, if a property owner prevails in a property tax appeal, the county assessor would be prohibited from reclassifying or conducting an on-site inspection of the agricultural property for three years following the appeal decision, unless specific conditions occur, such as a change in use, property split, change in ownership, or a taxable improvement being made to the property. This is a reduction from the current four-year period.

Additionally, the bill allows county assessors to assess property tax on any previously unreported taxable improvements classified as agricultural property during the three-year exemption period. This means that if an improvement is identified during this time, the assessor can levy taxes for the current and any prior tax years in which the improvement existed. Overall, these changes aim to provide more stability for property owners following successful appeals while still allowing for the assessment of new improvements.

Statutes affected:
Introduced Version: 42-12155
House Engrossed Version: 42-12155
Senate Engrossed Version: 42-12155
Chaptered Version: 42-12155