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2008 SESSION

• | print version

HB 74 Real estate tax; limitation on rates by localities.

Introduced by: Harry R. Purkey | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Real estate tax rates.  Requires each locality to lower its real estate tax rate for the forthcoming tax year to produce no more than the previous year's real property tax levies when any annual assessment, biennial assessment, or general reassessment of real property by the locality would result in an increase in the total real property tax levied. The locality may increase the rate above the reduced rate after a public hearing held no sooner than 30 days after the rate reduction.  The bill has a delayed effective date of January 1, 2009.

FULL TEXT

• 12/07/07  House: Prefiled and ordered printed; offered 01/09/08 082201692  pdf | impact statement

HISTORY

• 12/07/07  House: Prefiled and ordered printed; offered 01/09/08 082201692
• 12/07/07  House: Referred to Committee on Finance
• 01/15/08  House: Assigned Finance sub: 1
• 02/12/08  House: Left in Finance