Counties Support Fair Timeframe for Commercial Property Tax Appeals

MACo Associate Director Kevin Kinnally testified February 27, 2020, in support of HB 1252 – Property Tax – Appeals of Assessments – Commercial Real Property before the House Ways and Means Committee. This bill extends the time period in which a county may appeal a commercial real property tax assessment from 30 days to 180 days, making meaningful progress toward eliminating a means of tax evasion that benefits commercial property owners at the expense of other property owners and taxpayers.

From the MACo Testimony:

The bill provides a more reasonable window for counties to appeal commercial property assessments, which is necessary because commercial property values often change between reappraisals. This effect is most noticeable when a property is approaching completion – where a three-year delay in properly capturing a property’s use and income stream means an unfairly undervalued asset on the tax rolls.

Follow MACo’s advocacy efforts during the 2020 legislative session on MACo’s Legislative Tracking Database.