Chapin Rose
- Republican
- Senator
- District 51
Primary
Amends the Property Tax Code. Provides that the assessed value of residential property in any general assessment year shall not exceed the assessed value of the property in the last general assessment year multiplied by one plus the percentage change in the Consumer Price Index during the 12-month calendar year immediately preceding the general assessment year for which the reassessment is conducted. Provides that the limitation does not apply if the increase in assessment is attributable to an addition, improvement, or modification to the property. Preempts the power of home rule units to tax. Effective immediately.
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Added as Chief Co-Sponsor Sen. Darby A. Hills
Added as Co-Sponsor Sen. Sally J. Turner
Added as Co-Sponsor Sen. Donald P. DeWitte
Added as Co-Sponsor Sen. Andrew S. Chesney
Added as Co-Sponsor Sen. Chris Balkema
Added as Co-Sponsor Sen. Li Arellano, Jr.
Added as Co-Sponsor Sen. Craig Wilcox
Added as Co-Sponsor Sen. Jil Tracy
Filed with Secretary by Sen. Chapin Rose
Referred to Assignments
First Reading
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| Introduced | HTML PDF |
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