Ad valorem tax; property; provide criteria for use of income approach to determine fair market value

A BILL to be entitled an Act to amend Chapter 5 of Title 48 of the Official Code of Georgia Annotated, relating to ad valorem taxation of property, so as to provide criteria for the use of the income approach in order to determine the fair market value of real property; to provide for valuation of property when the local governing authority does not allow access to the assessment procedures manual prepared by the department; to repeal conflicting laws; and for other purposes.