Modifies provisions relating to motor vehicle assessment valuations

Summary

The measure updates how county assessors value taxable personal and real property, specifying fixed percentages of true value for various subclasses such as historic motor vehicles, livestock, farm equipment, and solar panels. It also outlines procedures for annual assessment lists, assessment maintenance plans, and the burden of proof when computer‑generated valuations are used. The changes would affect property owners across the state by altering the taxable portion of their assets.

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