- 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
Details
Cross-filed with: SB0263
Bill File Type: Pre-Filed
Effective Date(s): July 1, 2024
By Request of the Governor
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Last Updated: 4/15/2024 2:21 PM