2005 House Bill 5413

Exempt “spec homes” from property tax until sold

Introduced in the House

Nov. 8, 2005

Introduced by Rep. Rick Baxter (R-64)

To exempt new construction on residential development property from property taxes for up to one year or until the property is sold, whichever occurs first. The underlying land would still be subject to property tax, but vacant houses constructed by a developer would be exempt for the specified period.

Referred to the Committee on Tax Policy