SB 105
Reduces the assessment percentage of real property
Sponsor:
LR Number:
0684S.01I
Committee:
Last Action:
2/2/2023 - Re-referred S General Laws Committee
Journal Page:
Title:
Effective Date:
August 28, 2023

Current Bill Summary

SB 105 - Current law requires residential real property to be assessed at 19% of its true value in money. Beginning with the 2024 calendar year, this act reduces such percentage by one percent a year through the 2026 calendar year. Beginning with the 2027 calendar year, residential real property shall be assessed at 15% of its true value in money.

JOSH NORBERG

Amendments

No Amendments Found.