Introduced
by
To exempt homestead property that is purchased by a person whose income is less than 300 percent of the poverty level, and who is moving from another homestead in the same county, from the Proposal A taxable value “pop-up.” The “pop-up” is where the state equalized value (market value) of newly-sold property becomes the basis for its property tax assessment, rather than the capped “taxable value” of the previous owner, which is (usually) lower.
Referred to the Committee on Tax Policy
