Modifies provisions governing the calculation of assessed valuation of real and personal property

Summary

HB 3476 would set new fixed percentages for valuing both real and tangible personal property, require county assessors to compile annual property lists, and create a two‑year assessment maintenance plan that must be approved by local and state officials. It impacts property owners, assessors, and local governments by changing how property values are calculated and when assessments are updated. The changes aim to standardize assessments and provide clearer rules for special asset classes such as solar equipment and historic vehicles.

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