Constitutional amendment; localities to cap annual increase in assessed values of real estate. (SJ349)

Introduced By

Sen. Steve Newman (R-Forest)

Progress

Introduced
Passed Committee
Passed House
Passed Senate

Description

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. Read the Bill »

Status

01/27/2009: Failed to Pass in Committee

History

DateAction
01/14/2009Prefiled and ordered printed; offered 01/14/09 091202280
01/14/2009Referred to Committee on Privileges and Elections
01/27/2009Passed by indefinitely in Privileges and Elections (10-Y 4-N) (see vote tally)