SJR 44 - Loudon, John
Limits increases in assessed value of residential real property caused by reassessment to the rate of inflation until a transfer of ownership occurs
Bill Details
Sponsor
LR Number
4408S.02I
Title
SJR 44
House Handler
N/A
Journal Page
Effective Date
Upon voter approval
Committee
Current Status
Second Read and Referred S Ways & Means Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SJR 44 - This constitutional amendment, if approved by voters, would limit increases in assessed value due to reassessment of residential real property to a maximum of the inflationary rate over a prior year assessment 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.
JASON ZAMKUS