SB 680 - Luetkemeyer, Tony
Places a limit on the growth in assessments of residential real property
Bill Details
Sponsor
LR Number
3717S.01I
Title
SB 680
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2022
Committee
Current Status
Voted Do Pass S Ways and Means Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 680 - This act provides that the assessed valuation for residential real property shall not exceed the previous assessed valuation for such property, exclusive of new construction and improvements, by more than five percent or the percent increase in inflation, whichever is greater.
This act is identical to SB 131 (2021), is substantially similar to SCS/SBs 675 & 705 (2020) and to a provision in SS/SCS/SB 649 (2022), and is similar to a provision contained in HCS/SS/SCS/SB 570 (2020), HCS/SS/SCS/SB 594 (2020), and HCS/SCS/SB 725 (2020).
JOSH NORBERG