Introduced
by
To place before voters in the next general election a Constitutional amendment to establish that, after April, 2008, if a property’s assessed value decreases, or increases by less than the rate of inflation, the taxable value would increase or decrease by the same percentage.
Referred to the Committee on Tax Policy
Substitute offered
by
To replace the previous version of the measure with one wouldn't automatically lower property taxes if a property's value fell, but would prohibit them from going up. The Proposal A enacting statute requires property tax assessments to go up each year by the lesser of 5 percent or the rate of inflation.
The substitute passed by voice vote
Passed in the House 101 to 0 (details)
To place before voters in the next general election a Constitutional amendment to establish that that, after 2010, if a property’s assessed value decreases the taxable value not be allowed to increase, as it does now under the enacting language adopted by the legislature following passage of the 1994 Proposal A. If the assessed value increased by less than the rate of inflation, the assessment increase could not exceed that amount.
Motion to reconsider
by
The vote by which the House passed House Joint Resolution No. III.
The motion passed by voice vote
Received
To place before voters in the next general election a Constitutional amendment to establish that that, after 2010, if a property’s assessed value decreases the taxable value not be allowed to increase, as it does now under the enacting language adopted by the legislature following passage of the 1994 Proposal A. If the assessed value increased by less than the rate of inflation, the assessment increase could not exceed that amount.
Passed in the House 101 to 0 (details)
Referred to the Committee on Government Operations and Reform
