Constitutional amendment; exempts certain homeowners from taxation (second reference). (HJ56)
Introduced By
Progress
✓ |
Introduced |
☐ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
Description
Constitutional amendment (second resolution); property exempt from taxation. Authorizes the General Assembly to enact legislation that will allow localities by ordinance to exempt from real property taxes, or defer real property taxes on, up to 20 percent of the value of residential or farm property that is the owner- occupant's primary dwelling and lived in continuously. Read the Bill »
Status
01/25/2008: Merged into SB1
History
| Date | Action |
|---|---|
| 01/02/2008 | Committee |
| 01/02/2008 | Prefiled and ordered printed; offered 01/09/08 087621644 |
| 01/02/2008 | Referred to Committee on Privileges and Elections |
| 01/15/2008 | Assigned P & E sub: Constitutional |
| 01/25/2008 | Incorporated by Privileges and Elections (HJ4-Albo) |
Comments
Why 20%?
20% is a nice round number, Jim. This bill looks hard to vote against. It will be of more help to areas with a lot of second homes. In urban areas it will probably hurt renters, if the landlords taxes go up. But in areas where land values have risen thanks to rich second home buyers, and the district's local composite index has risen, it seems fair to get some more money from them. But if there are few second homes, people should not think their taxes will drop 20%. If the county has less assessed value to deal with, they are going to raise the tax rate. But I still think I will support this one.