HB0008 • 2016

Property assessment test rules.

AN ACT relating to taxation and revenue; revising the authority of the department of revenue to adopt rules related to the appraisal methods of county assessors; repealing related provisions accordingly; and providing for an effective date.

Taxes

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor: Representative Madden
Last action: 2016-03-07
Official status: enrolled
Effective date: 3/4/2016

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

HB0008HS001

Standing Committee • HRevenue

Adopted

Plain English: Adopted Standing Committee by HRevenue

This amendment summary is using official source text because generated interpretation was skipped for this run.
The official amendment text was available, but an easy plain-English summary could not be produced automatically during the last sync.

Bill History

2016-03-04 LSO
Assigned Chapter Number
2016-03-04 Governor
Governor Signed HEA No. 0021
2016-03-01 Senate
S President Signed HEA No. 0021
2016-03-01 House
H Speaker Signed HEA No. 0021
2016-03-01 LSO
Assigned Number HEA No. 0021
2016-03-01 Senate
S 3rd Reading:Passed 28-2-0-0-0
2016-02-29 Senate
S 2nd Reading:Passed
2016-02-26 Senate
S COW:Passed
2016-02-25 Senate
S Placed on General File
2016-02-25 Senate
S03 - Revenue:Recommend Do Pass 5-0-0-0-0
2016-02-24 Senate
S Introduced and Referred to S03 - Revenue
2016-02-16 Senate
S Received for Introduction
2016-02-15 House
H 3rd Reading:Passed 58-2-0-0-0
2016-02-12 House
H 2nd Reading:Passed
2016-02-11 House
H COW:Passed
2016-02-11 House
Amendment Adopted
2016-02-10 House
H Placed on General File
2016-02-10 House
H03 - Revenue:Recommend Amend and Do Pass 9-0-0-0-0
2016-02-09 House
H Introduced and Referred to H03 - Revenue 58-0-2-0-0
2016-02-05 House
H Received for Introduction
2015-12-30 LSO
Bill Number Assigned

Official Summary Text

Summary for LSO115

Bill No.:
HB0008
Effective
:

3/4/2016
LSO No.:
16LSO-0180

Enrolled Act No.:
HEA No. 0021

Chapter No.:
46

Prime Sponsor:
Madden

Catch Title:
Property assessment test rules.

Subject:
Department of Revenue rules on property assessment

Summary/Major Elements:

This
act
revises the authority of the Department of Revenue to adopt rules related to the appraisal methods of county assessors.

The
act
specifies the Department shall adopt rules to ensure the use of appropriate tests for residential properties to limit the likelihood that a property will be over
-
assessed.

The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill
.

Current Bill Text

Read the full stored bill text

ORIGINAL
House
Bill No
.
HB0008

ENROLLED ACT NO. 21,

HOUSE OF REPRESENTATIVES

SIXTY-THIRD LEGISLATURE OF THE STATE OF WYOMING
2016 Budget Session

Be It Enacted by the Legislature of the State of Wyoming:

Section 1
.

W.S. 39
‑
11
‑
102(c)(xxv) is amended to read:

39
‑
11
‑
102
.

Administration; confidentiality; department of revenue.

(c)

In addition to the other powers and duties imposed by law, the department shall:

(xxv)

Promulgate rules and regulations as provided by the Wyoming Administrative Procedure Act to be followed by all county assessors to ensure the
statistical quality and fairness of assessed values of residential properties, improved and unimproved, computed using sales comparison methods, and which require county assessors to provide statistical parameter data annually to the state board of equalization to demonstrate compliance with the rules. The rules shall specifically address any adjustments made by a county assessor in input data to, or assessed values obtained from, the county's computer assisted mass appraisal system, the method of establishing strata for sales ratio studies, the adequacy of the number of arms
‑
length sales to be used in any sales comparison analyses, and the
use of appropriate statistical tests
for assessed values of residential properties

to protect against the statistical likelihood that any property in any stratum is over assessed.
The rules shall include requirements for the format and quality of a written
explanation of the county assessor's residential assessment methodology, including an explanation and description of the parameters used to develop any stratification applied to a class of property as well as any market adjustment factors utilized to arrive at a fair market value for a property. The written explanations required to be maintained by the county assessor shall be public records available to a taxpayer upon request.

Section 2
.

This act is effective immediately upon completion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constitution.

(END)

Speaker of the House

President of the Senate

Governor

TIME APPROVED: _________

DATE APPROVED: _________

I hereby certify that this act originated in the
House
.

Chief Clerk