A bill for an act relating to property assessment standards and litigation.

Summary

The bill orders the state revenue director to adopt International Association of Assessing Officers (IAAO) standards—including limits on assessment dispersion and price‑related differentials—and to issue a state appraisal manual that all city and county assessors must use. It also mandates quarterly reporting of real‑estate sales, public posting of assessment‑to‑sale ratios, and defines how city legal departments or county attorneys handle assessment‑related lawsuits. Property owners may appeal an assessment only in a district where they own similar‑class property.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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