§ 48-5-341. Definitions
As used in this article, the term: “Assessment bias” means any tendency or trend of assessment ratios, when analyzed by an appropriate statistical method, which reveals assessment progressivity or assessment regressivity. “Assessment progressivity” means any systematic pattern of assessment in which higher value properties are generally assessed at a larger percentage of fair market value […]
§ 48-5-342. Commissioner to Examine Digests
The commissioner shall carefully examine the tax digests of the counties filed in his office. Each digest for a county in a digest review year shall be examined for the purpose of determining if the valuations of property for taxation purposes are reasonably uniform and equalized between counties and within counties. For any digest in […]
§ 48-5-342.1. Digest Evaluation Cycles Established; Time for Review of Digest
The commissioner shall by regulation establish the digest evaluation cycles for each of the counties in this state giving weight to the number of taxable parcels in each county, the geographical location of each county, and each such county’s compliance with the provisions of Code Section 48-5-343. The starting date of each county’s digest evaluation […]
§ 48-5-343. Approval of Digests
The commissioner shall, when a county is in its digest review year, approve the digest of any such county as being reasonably uniform and equalized if the digest meets the following criteria: The average assessment ratio for each class of property within the county shall be as close to the assessments provided for in Code […]