2009 Senate Bill 407

Revise Proposal A property “pop up”

Introduced in the Senate

March 25, 2009

Introduced by Sen. Michelle McManus (R-35)

To suspend through Sept. 1, 2010, the Proposal A property tax assessment “pop up” that occurs when a parcel is sold, in which 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.

Referred to the Committee on Finance