HB1446
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
- 01/18/2024 - House: Presented and ordered printed 24104281D
- 01/18/2024 - House: Referred to Committee on Finance
- 01/26/2024 - House: Impact statement from TAX (HB1446)
- 01/30/2024 - House: House subcommittee amendments and substitutes offered
- 02/02/2024 - House: Assigned Finance sub: Subcommittee #2
- 02/06/2024 - House: House subcommittee amendments and substitutes offered
- 02/06/2024 - House: Subcommittee recommends reporting with substitute (6-Y 2-N)
- 02/07/2024 - House: Committee substitute posted to LIS only 24107217D-H1
- 02/07/2024 - House: Continued to 2025 with substitute in Finance (12-Y 9-N)
