SJR 90
Modifies provisions relating to property tax assessments
LR Number:
Last Action:
3/7/2024 - Second Read and Referred S Economic Development and Tax Policy Committee
Journal Page:
Effective Date:
Upon voter approval

Current Bill Summary

SJR 90 - This constitutional amendment, if approved by the voters, provides that, beginning January 1, 2025, the assessed value of residential real property shall be the most recent assessment. For all reassessments of such residential real property, the assessed value shall not increase by more than the increase in inflation or by 4%, whichever is less, provided that the assessed value shall reflect the value added to the property as a result of new construction or improvements, as described in the act.

This amendment is substantially similar to HJR 78 (2024).



No Amendments Found.