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2006 SESSION

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HB 1231 Real estate taxes; computation of deferral.

Introduced by: John J. Welch, III | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Real estate taxes; computation of deferral.  Repeals the requirement that the deferral amount be calculated using a base-line amount equivalent to the real estate tax in the first full tax year of ownership by the taxpayer after the adoption of the deferral program by the locality, multiplied by 105%, or such higher percentage adopted by the locality in each tax year until the current tax year.


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