Legislation

Title: Real Property Assessments – Revaluation of Property on Transfer After Appeal
Sponsored by: Chair, Ways and Means Committee (By Request - Departmental - Assessments and Taxation)
Status: In the House - Hearing 1/17 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Requiring that real property be revalued during a 3-year assessment cycle if, within 1 year after the assessment of a property is reduced due to an appeal, the property transfers for consideration that exceeds the value of the property before the reduction of the assessment.

Committees

Original:: Ways and Means Click to view Recorded Media

Committee Testimony

Witness List

Details

Cross-filed with: SB0263

Bill File Type: Pre-Filed

Effective Date(s): July 1, 2024

By Request of the Governor

History

Legislation History
Chamber House Calendar Date 9/10/2023 Legislative Date 9/10/2023 Action Pre-filed Proceedings
Chamber House Calendar Date 1/10/2024 Legislative Date 1/10/2024 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 1/05/2024 Legislative Date 1/05/2024 Action Hearing 1/17 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Real Property Assessments – Revaluation of Property on Transfer After Appeal Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	9/10/2023	9/10/2023	Pre-filed
House	1/10/2024	1/10/2024	First Reading Ways and Means
House	1/05/2024	1/05/2024	Hearing 1/17 at 1:00 p.m.
			Text - First - Real Property Assessments – Revaluation of Property on Transfer After Appeal

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Subjects

Statutes