Sec. 12-63d. Change in assessed value of real estate. Relationship to sale price.
Sec. 12-63d. Change in assessed value of real estate. Relationship to sale price.
The assessor in any municipality may not, with respect to any parcel of real property
in the assessment list for any assessment year, make a change in the assessed value of
such parcel, as compared to the immediately preceding assessment list, solely on the
basis of the sale price of such parcel in any sale or transfer of such parcel.
(P.A. 88-321, S. 9, 10.)
Cited. 44 CA 494. Enactment of statute, providing that changes in assessed value may not be made solely on basis of
sale price of a parcel, did not in any way limit broad power contained in Sec. 12-55 permitting assessors to conduct interim
revaluations. 70 CA 442.