H.B.
93
PROPERTY TAX ASSESSMENT AMENDMENTS
House Floor
Amendments
Amendment 1 February 14, 2014 10:03 AM
Representative Brian M. Greene
proposes the following amendments:
1. Page
1, Line 27 through Page 2, Line 40
:
27
(1) As used in this section, "diminished productive value" means that property has no,
28
or a significantly reduced, ability to generate income as a result of:
29
(a) a parcel size requirement established under a land use ordinance or zoning map
30
adopted by a:
31
(i) city or town in accordance with Title 10, Chapter 9a, Part 5, Land Use Ordinances;
32
or
33
(ii) a county in accordance with Title 17, Chapter 27a, Part 5, Land Use Ordinances;
or
34
(b)
{
the property being severed from other property in a manner that permanently
35
restricts the ability to generate income from the property; or
36
(c) a particular right of use being severed from the property in a manner that
37
permanently restricts the ability to generate income from the property
}
one or more easements
burdening the property
.
38
(2) In assessing the fair market value of property, a county assessor shall consider as
39
part of the determination of fair market value whether property has diminished productive
40
value.
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LRGC
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