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HB 0829 -	Ad Valorem School Taxes - Assessment at 20% of Value
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Tracking Level:

Neutral

Sponsor:

Ron Stephens (R)

Last Action:

3/4/2020 - Senate Read and Referred

House Committee:

Ways and Means

Senate Committee:

Finance

Assigned To:

Larry Ramsey	Next Bill
Property Tax	Next Bill

Staff Analysis of the Legislation
This bill would authorize local referenda on assessing properties owned by persons 65 or older at 20% of fair market value (as opposed to the usual 40%) for purposes of school taxes only. This bill would be contingent on passage of a constitutional amendment (see HR 962) to authorize this non-uniform method of property assessment.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text