§ 26-26-1125 — Guidelines for assessing property - Noncompliance

(a) The Assessment Coordination Division shall: (1) Establish mandatory guidelines for county assessors to follow in: (A) Identifying property that is exempt from ad valorem taxation; and (B) Assessing business inventory; (2) Adopt rules necessary for: (A) The general guidance and assistance of county assessors in identifying exempt property and assessing business inventory; and (B) Determining when a county is noncompliant with the rules established by the division under this section; (3) Confer with and assist county assessors in identifying exempt property and assessing business inventory to ensure that all assessments of property are just and uniform throughout the state; (4) Prescribe any forms necessary to assist county assessors in uniformly identifying exempt property and assessing business inventory; (5) Monitor each county's compliance with the rules established by the division under this section; and (6) As soon as is practicable, notify immediately the Legislative Council or, if the General Assembly is in session, the Joint Budget Committee, when a county is determined to be noncompliant with the rules established by the division under this section. (b) A county assessor shall: (1) Assess property in accordance with the rules adopted by the division; and (2) Use only a form that is prescribed or approved by the division to identify exempt property or assess business inventory. (c) Upon receiving notification under subdivision (a)(6) of this section, the Legislative Council or, if the General Assembly is in session, the Joint Budget Committee, may recommend to the General Assembly that a noncompliant county's funds under § 26-26-310(b)(2)(C) that are to be allocated to the county assessor be reduced or withheld until the county becomes compliant under this section.

Legislative History

Added by Act 2019, No. 819,§ 16, eff. 5/1/2021.