SB21-293
Property Tax Classification And Assessment Rates
Concerning property taxation, and, in connection therewith, establishing subclasses of residential and nonresidential property; for the 2022 and 2023 property tax years, temporarily reducing the assessment rate for property classified as agricultural property or renewable energy production property from twenty-nine percent to twenty-six and four-tenths percent, for property classified as multi-family residential real property from seven and fifteen one-hundredths percent to six and eight-tenths percent, contingent on the assessment rate not otherwise being reduced by an initiated measure, and for all other residential real property from seven and fifteen one-hundredths percent to six and ninety-five one-hundredths percent; restructuring the assessment rate laws; expanding the property tax deferral program to allow taxpayers to defer increases in property taxes in limited circumstances; and making an appropriation.
06/23/2021 | Governor Signed
2021 Regular Session
Bill
Fiscal Policy & Taxes
Local Government