HJR58 Proposes constitutional amendment to require the reassessment of residential real property owned and inhabited by at least one elderly person only upon title transfer or major improvement.
Sponsor: Treadway, Joseph L. (96) Effective Date:00/00/0000
CoSponsor: LR Number: 3274L.02I
Last Action: COMMITTEE: WAYS AND MEANS
02/29/2000 - Hearing Scheduled Bill Not Heard (H)
HJR58
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
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* Introduced

Available Bill Text for HJR58
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BILL SUMMARIES

INTRODUCED

HJR 58 -- Property Tax:  Reassessment

Sponsor:  Treadway

This proposed amendment to the state constitution restricts real
property tax reassessment of single family unit owner-occupied
residential real property owned by a person or persons age 65 or
older 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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