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 four years following the appeal decision. This restriction would only be lifted if there is a change in use, a property split, a change in ownership or lease, or if a taxable improvement is made to the property.

Additionally, the bill allows county assessors to assess property tax on any previously unreported taxable improvements classified as agricultural property during the four-year exemption period. This means that if an improvement is identified during this time, the assessor can impose taxes for the current year and any prior years 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