Real estate valuations; fair market value therefor. (SB138)

Introduced By

Sen. Jay O'Brien (R-Clifton)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Fair market value for real property valuations. Provides that the fair market value of real property shall be determined with regard to the percentage increase or decrease in the average sales price of real property that is sold in the same assessment area. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/10/2006Prefiled and ordered printed; offered 01/11/06 066057784
01/10/2006Referred to Committee on Finance
01/16/2006Fiscal impact statement from TAX (SB138)
02/14/2006Left in Finance (15-Y 0-N)