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SB 404

Require reporting of building permits for appraisal information

2025 Regular Session Introduced by Dave Fern

SB 404 mandates counties to report building permits, improving property appraisal accuracy, impacting tax assessments, and benefiting local governments and property owners.

Chapter Number Assigned
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Bill Summary · SB 404

Summary of SB 404: Require Reporting of Building Permits for Appraisal Information

Bill Overview

Bill Number: SB 404
Title: Require Reporting of Building Permits for Appraisal Information
Status: Chapter Number Assigned
Introduced: December 18, 2024
Primary Sponsor: Dave Fern
Classification: Bill
Subjects: Counties, Labor and Employment, Local Government, Taxation (Generally), Taxation--Property

Purpose and Intent

The primary purpose of SB 404 is to enhance the accuracy and availability of appraisal information related to property values by mandating the reporting of building permits. This legislation aims to improve the data available for property appraisals, which can impact property taxes and local government revenue.

Key Provisions

  • Reporting Requirement: The bill requires counties to report all issued building permits to a designated state agency. This data will be used to inform property appraisals.
  • Data Utilization: The information collected from building permits will be utilized to ensure that property appraisals reflect current market conditions and property improvements.
  • Impact on Local Governments: By standardizing the reporting of building permits, local governments will have better access to data that can influence property tax assessments and planning decisions.

Affected Parties

  • Counties: Local governments will be responsible for collecting and reporting building permit data.
  • Property Owners: Homeowners and property developers may see changes in property tax assessments based on updated appraisal information.
  • Appraisers: Professionals involved in property valuation will benefit from more accurate and comprehensive data.

Procedural Timeline

  • December 18, 2024: Bill introduced and assigned to the Local Government Committee.
  • February 21, 2025: First reading and referral to the Local Government Committee.
  • March 6, 2025: Passed in the Senate and transmitted to the House.
  • April 25, 2025: Signed by the Speaker and transmitted to the Governor.
  • May 5, 2025: Signed by the Governor, marking the bill's passage into law.
  • May 8, 2025: Chapter number assigned.

Conclusion

SB 404 represents a significant step towards improving the accuracy of property appraisals through enhanced data reporting. By requiring counties to report building permits, the bill aims to create a more transparent and efficient property valuation process, ultimately benefiting local governments and property owners alike.

Compiled from official sources — confirm details with the bill’s official record.

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