HJR49 Proposes constitutional amendment to require reassessment of residential real property only when title is transferred.
Sponsor: Chrismer, Rich (16) Effective Date:00/00/0000
CoSponsor: LR Number: 2893L.01I
Last Action: COMMITTEE: WAYS AND MEANS
02/01/2000 - Public Hearing Held (H)
HJR49
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
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* Introduced

Available Bill Text for HJR49
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BILL SUMMARIES

INTRODUCED

HJR 49 -- Property Tax Reassessment

Sponsor:  Chrismer

This proposed amendment to the state constitution restricts
reassessment of single family unit owner-occupied residential
real property to when a title transfer on the property occurs.
Until title is transferred, the assessed value of the property
will be the value as assessed as of December 1, 1999.

Under current statute, all residential property is reassessed
every 2 years in odd-numbered years.


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Last Updated October 5, 2000 at 11:36 am