SF0153HW002

Adopted

Amendment to SF0153 — Residential real property-taxable value.

Sponsor:

Chamber: House

Stage: Committee of the Whole

What does this amendment do?

This amendment modifies the taxable value rates for residential real property and owner-occupied primary residences by creating different rates for tax year 2025 versus 2026 and thereafter.

For tax year 2025, sets the taxable value rate for all residential real property (including owner-occupied primary residences) at 9.5%. Beginning in tax year 2026 and thereafter, establishes a bifurcated system with residential real property taxed at 9.5% and owner-occupied primary residences taxed at 8.3%. (Page 2, lines 10-12 (and corresponding Page 3, lines 18-20))

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Roll Call Votes (0)

No roll call votes recorded for this amendment.