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2009 SESSION

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SJ 349 Constitutional amendment; localities to cap annual increase in assessed values of real estate.

Introduced by: Stephen D. Newman | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Constitutional amendment (first resolution); property tax assessments. Authorizes localities to cap the annual increase in assessed values of real estate at no more than 25 percent or a greater percentage set by the ordinance. The real estate will be reassessed at fair market value in the year in which it is sold, improved, or otherwise changes hands.

FULL TEXT

• 01/14/09  Senate: Prefiled and ordered printed; offered 01/14/09 091202280  pdf

HISTORY

• 01/14/09  Senate: Prefiled and ordered printed; offered 01/14/09 091202280
• 01/14/09  Senate: Referred to Committee on Privileges and Elections
• 01/27/09  Senate: Passed by indefinitely in Privileges and Elections (10-Y 4-N)