Change provisions relating to valuation of property

Summary

The bill revises the percentage of actual value used to assess real property, agricultural/horticultural land, and special‑valuation land, and adds a new method for taxing tangible personal property at its net book value. It also gives the state tax commission authority to adjust values within defined acceptable ranges and sets new certification deadlines for county assessors and the Property Tax Administrator. The goal is to create more uniform assessments and clarify valuation rules for school‑district bond financing.

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