Search Results: keywords:"valuation process"

  • S. 5595 — To amend the Act of June 22, 1948.
    Status:Considered and Passed Senate
    Words:195

    S. 5595 amends the Act of June 22, 1948, known as the "Thye-Blatnik Act." The bill focuses on updating the method for appraising the value of certain properties. It specifies that properties should be appraised at the highest fair value, including their historical values, as...

    Simple Explanation

    The bill wants to change an old law to make sure the value of some special lands is checked in a special way so they’re worth as much as possible, considering both what they’re worth now and what they were worth before. However, it’s a bit tricky because the person who decides their value has a lot of freedom to choose how much they think it should be.

  • S. 638 — To amend the Act of June 22, 1948.
    Status:Introduced in Senate
    Words:191

    S. 638 aims to modify the Act of June 22, 1948, which is also known as the "Thye-Blatnik Act." The bill proposes changing how the value of certain items is appraised by requiring the consideration of the highest fair appraised value, including historical values, as determined...

    Simple Explanation

    S. 638 is about changing a rule to make sure that when they figure out how much something is worth, they look at both the highest and past prices to make it fair. This means people might pay different amounts for the same thing because prices can change over time.