The proposed bill would amend current property tax assessment statutes by removing the existing definition of "destroyed" and expanding the authority of county assessors. Under current law, the definition of "destroyed" includes physical destruction caused by a verifiable accident, such as fire or flood. The bill would eliminate this definition and instead specify that only properties destroyed by verifiable accidents may retain their property classification for five years or until a change in use occurs. This change aims to clarify the conditions under which property classifications can be maintained after destruction.

Additionally, the bill would make technical adjustments to the language of the statute, including the removal of certain provisions that outline the conditions for maintaining property classification. It would also retroactively apply these changes to September 14, 2024, ensuring that the new rules regarding property classification and assessment are in effect from that date. Overall, the bill seeks to streamline the process for assessing property taxes on destroyed properties while providing clearer guidelines for county assessors.

Statutes affected:
Introduced Version: 42-15157