The state Senate last week passed a bill that would move the State Tax Equalization Board under the purview of the Department of Community and Economic Development.
"This should provide the proper oversight for the board," said Sen. John Gordner, R-Columbia County, the bill's primary sponsor.
In 2010, there were numerous cases throughout the state where STEB incorrectly determined market values within municipalities, resulting in wrong data in as many as 50 of the 89 school districts that require multicounty tax equalization, Gordner said.
The state Constitution requires uniform taxation, so it is necessary that locally assessed millage is equalized.
STEB, which currently is an independent board, is tasked with this equalization on an annual basis. Its board members serve part time and are appointed by the governor.
Senate Bill 66 now moves to the state House for consideration.