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Bill Detail: SB19-255

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Title Gallagher Amendment Residential Assessment Rate
Status House Third Reading Passed - No Amendments (04/30/2019)
Bill Subjects
  • Fiscal Policy & Taxes
  • Local Government
House Sponsors L. Herod (D)
D. Esgar (D)
Senate Sponsors L. Court (D)
J. Tate (R)
House Committee Finance
Senate Committee Finance
Date Introduced 04/17/2019
Description

Based on a residential target percentage that is equal to 45.69%,
the bill lowers the ratio of valuation for assessment for residential real
property from 7.2% to 7.15% for property tax years commencing on and
after January 1, 2019, until the next property tax year that the general
assembly adjusts this ratio.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (04/22/2019) (most recent)  
Additional Bill Documents Bill Documents
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