Senate Bills Current Bill Summary SB 356 - This act revises the law pertaining to property tax assessment, collection and school funding. The act requires the assessor to create a list of taxable personal property where no such list exists.
Current law refers to a list of all taxable property.
The act also requires the assessor to assess and cause taxes to be imposed on omitted taxable personal property for the current year and for the prior year if the property was then subject to tax, but omitted.