Raised H.B. No. 5180
Session Year 2018
AN ACT CONCERNING THE APPRAISAL OF CERTAIN RENTAL INCOME-PRODUCING REAL PROPERTY.
To remove the requirement that an assessor or board of assessors consider the capitalization of net income based on market rent for a similar property when appraising certain real property used primarily for the purpose of producing rental income in order to determine the present true and actual value of such property.