HB1380
Real property tax; assessment of real property used for affordable housing.
Summary
As Introduced. Real property tax; assessment of real property used for affordable housing.
Requires the duly authorized real estate assessor of a locality to appraise affordable rental housing in accordance with the income approach, as described by the bill. The bill provides that, should the duly authorized real estate assessor fail to follow generally accepted appraisal practices, the assessment will not be entitled ... (More) to a presumption of correctness, and if the owner then successfully appeals such assessment, the locality shall reimburse the owner for attorney fees and costs incurred. (Less)-
Bill History
- 01/16/2024 - House: Presented and ordered printed 24102768D
- 01/16/2024 - House: Referred to Committee on Finance
- 01/25/2024 - House: Assigned Finance sub: Subcommittee #2
- 01/28/2024 - House: Impact statement from TAX (HB1380)
- 01/30/2024 - House: Subcommittee recommends striking from docket (8-Y 0-N)
- 02/13/2024 - House: Left in Finance
