Start Date
30-11-2023 9:15 AM
End Date
30-11-2023 10:15 AM
Description
This session will present findings from the recent report requested by the State of Wyoming to analyze the potential adoption of an acquisition value property tax system. We will discuss other states who have tried to implement and / or who have implemented the system, and other considering the same. There are both positive and negative implications for the adoption of the acquisition value property tax system. They will be discussed along with the legal ramifications, infrastructure necessary, revenue impacts, potential creation of inequities, which potentially may result in increased volume of assessment appeals and the defense of such
Recommended Citation
Lee, Robert T. and Crapo, Ed, "Implementing an acquisition value property tax system: What is needed? Who are the stakeholders? What are the legal ramifications (if any)?" (2023). IAAO Annual Legal Seminar. 13.
https://researchexchange.iaao.org/legal/legal23/sessions/13
Implementing an acquisition value property tax system: What is needed? Who are the stakeholders? What are the legal ramifications (if any)?
This session will present findings from the recent report requested by the State of Wyoming to analyze the potential adoption of an acquisition value property tax system. We will discuss other states who have tried to implement and / or who have implemented the system, and other considering the same. There are both positive and negative implications for the adoption of the acquisition value property tax system. They will be discussed along with the legal ramifications, infrastructure necessary, revenue impacts, potential creation of inequities, which potentially may result in increased volume of assessment appeals and the defense of such