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Senate Bill 0476


Senate Bill 0476

ARCHIVE (2011)

Latest Information

 

DIGEST OF INTRODUCED BILL


Property tax assessment increases. Limits the annual increase in the gross assessed value of real property to the lesser of 3% or the percentage change in the Consumer Price Index for all Urban Consumers. Provides that the limit does not apply if: (1) the ownership of the property changes; or (2) the increase results from a factor that would have increased the assessed value even if neither an annual assessment adjustment nor a general assessment applied.
    Current Status:
     In Committee - first House
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