Yesterday, Lauren attended a Capital City A&M Club lunch program featuring Representative John Otto, Vice Chair of the House Ways & Means Committee and member of the House Appropriations Committee. Representative Otto discussed HB 2, enabling legislation for HJR 36. With his proposed legislation and constitutional amendment, Otto hopes to reform the property tax appraisal process by requiring districts to appraise a residence homestead based solely on the property's value as a residence homestead instead of as its "highest and best use" and by creating regional appraisal review boards with qualified judges.
Several bills have been filed this session which would affect agricultural tax valuation. SB 678 by Shapleigh would increase the rollback property taxes on land that loses its agricultural valuation from 5 to 10 years. HB 2230 by Parker would relieve landowners of liability for interest on rollback taxes if land loses its agricultural valuation.
No comments:
Post a Comment