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2008 SESSION

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SJ 60 Constitutional amendment; assessment of real property for tax purposes (first reference).

Introduced by: John C. Miller | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Constitutional amendment (first resolution); assessment of property for tax purposes.  Provides that tax assessments made by any county, city, or town of real property used by its owners solely for single family residential purposes may, by ordinance adopted by the local governing body, be reduced on an annual basis in an amount up to the first $100,000 of the assessed value, provided that such property has been the primary residence of its owners for at least five years.


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