SJR 33 Limits reassessment of residential real property to years in which transfer of title occurs
Sponsor: Ridgeway
LR Number: 3613S.01I Fiscal Note:
Committee: Ways & Means
Last Action: 1/16/2008 - Second Read and Referred S Ways & Means Committee Journal Page: S106
Title: Calendar Position:
Effective Date: Upon voter approval

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Current Bill Summary

SJR 33 - 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.

This act is similar to SJR 23 (2007).