SJR 23 Limits reassessment of residential real property to years in which transfer of title occurs
Sponsor: Ridgeway
LR Number: 2186S.02I Fiscal Note: 2186-02
Committee: Ways & Means
Last Action: 4/18/2007 - Hearing Conducted S Ways & Means Committee Journal Page:
Title: Calendar Position:
Effective Date: Upon voter approval

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Current Bill Summary

SJR 23 - This constitutional amendment, if approved by voters, would require residential real property to be reassessed only upon transfer of ownership. For years where the property is not subject to transfer, political subdivisions are limited to increasing assessed values only for new construction and improvements.