SB 210 – Modifies provisions of law requiring certain political subdivisions to revise property tax rates

• Sponsor: Lembke
• LR Number: 1182S.01I
• Committee: Ways and Means and Fiscal Oversight
• Last Action: 2/7/2011 - Second Read and Referred S Ways and Means and Fiscal Oversight Committee
• Journal Page: S205
• Effective Date: August 28, 2011

Current Bill Summary

SB 210 - Under current law, political subdivisions that levy different rates on subclasses of real property are required to revise their rates if the amount of revenue derived differs from the amount that would result from using a single rate on all real property. This act would require school districts that levy different rates on subclasses of real property to revise their tax rates if the amount of revenue derived differs from the amount that would result from using a blended rate on all real property.

JASON ZAMKUS