HB5464 requires owners of income-producing properties in certain counties to submit physical descriptions of their properties to the chief county.
HB5464 amends the Property Tax Code to mandate that owners of income-producing properties in counties where the county board adopts an ordinance or resolution to this effect must submit physical descriptions of their properties to the chief county assessment officer. The descriptions must include details such as land size, construction type, year built, total development size, number of buildings, number of stories, and capacity of structured parking garages.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.