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Senate Bill 0228


Senate Bill 0228

ARCHIVE (2012)

Latest Information

 

DIGEST OF INTRODUCED BILL


Limits property tax assessed value increases. Limits the annual increase in the gross assessed value of real property for property tax purposes 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 is attributable to one or more physical changes to the property.
    Current Status:
     In Committee - first House
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