2009 House Bill 4128

Revise property tax cap to reflect falling values

Introduced in the House

Feb. 4, 2009

Introduced by Rep. Richard Hammel (D-48)

To revise the Proposal A property tax cap so that the property tax on a parcel that has declined in value, or risen in value by less 5 percent of the inflation rate, would be lowered by the amount of the change in assessed value.

Referred to the Committee on Government Operations

Feb. 17, 2009

Reported without amendment

With the recommendation that the bill be referred to the Committee on Tax Policy.

Referred to the Committee on Tax Policy