SJR 26 - Cunningham, Jane
Limits increases in assessed value of real property caused by reassessment until a transfer of ownership occurs
Bill Details
Sponsor
LR Number
3705S.01I
Title
SJR 26
House Handler
N/A
Journal Page
Effective Date
Upon Voter Approval
Current Status
Second Read and Referred S Governmental Accountability and Fiscal Oversight Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SJR 26 - This constitutional amendment, if approved by voters, would limit increases in assessed value due to reassessment of real property to the lesser of the percentage increase in the consumer price index for the Midwest Region or two percent until a transfer of ownership occurs. Upon a transfer of ownership, such property would be reassessed at its value for the year in which the transfer occurs.
This constitutional amendment is identical to SJR 4 (2009) and SJR 18 (2009).
JASON ZAMKUS