| SB 0079 | Limits reassessment of property values to the rate of inflation |
| Sponsor: | Loudon | |||
| LR Number: | 0396S.01I | Fiscal Note: | 0396-01 | |
| Committee: | Ways and Means | |||
| Last Action: | 01/21/03 - Hearing Cancelled S Ways and Means Committee | Journal page: | ||
| Title: | ||||
| Effective Date: | August 28, 2003 | |||
SB 79 - This act limits the assessment of real property to a maximum increase of the inflationary rate over a prior year assessment. The reassessment cap only applies to a substantially identical piece of real property which has not changed hands.
This act is identical to SB 955 (2002).
JEFF CRAVER