SB20-223
Assessment Rate Moratorium & Conforming Changes
Concerning a moratorium on changing a ratio of valuation for assessment for any class of property for property taxation that is contingent on the repeal of related constitutional provisions.
Session:
2020 Regular Session
Subject:
Bill Summary
Local Government
The act only takes effect if the voters statewide approve the repeal of constitutional provisions related to property tax assessment rates set forth in Senate Concurrent Resolution 20-001. Beginning with the property tax year that commences on January 1, 2020, the act creates a moratorium on changing property tax assessment rates. The act also makes conforming amendments to reflect the repealed constitutional provisions.
(Note: This summary applies to this bill as enacted.)