SJ 311 Constitutional amendment(1st resolution); assessment of real property.
W. Roscoe Reynolds | all patrons    ...    notes
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Summary as introduced:
Constitutional amendment (first resolution); assessment of real property. Provides that beginning with the 2006 tax year, real property shall be assessed for tax purposes at no more than 105 percent of the assessed value of such property in the preceding tax year. However, if real property is sold or improved, it shall be assessed at fair market value for the tax year in which such transaction or improvement occurs. Such fair market value assessment shall then be subject to the five percent limitation in subsequent tax years until such time as the property is again sold or improved.

Full text:
01/08/03  Senate: Presented & ordered printed, prefiled 01/06/03 034044524  pdf
01/22/03  Senate: Committee substitute printed 039067524-S1  pdf
01/27/03  Senate: Floor substitute printed 039083524-S2 (Newman)  pdf

Status:
01/08/03  Senate: Presented & ordered printed, prefiled 01/06/03 034044524
01/08/03  Senate: Referred to Committee on Privileges and Elections
01/14/03  Senate: Assigned to P. & E. sub-committee: 2
01/21/03  Senate: Reported from P. & E. with substitute (12-Y 3-N)
01/22/03  Senate: Committee substitute printed 039067524-S1
01/24/03  Senate: Passed by for the day
01/27/03  Senate: Passed by for the day
01/27/03  Senate: Floor substitute printed 039083524-S2 (Newman)
01/28/03  Senate: Passed by for the day
01/29/03  Senate: Read second time
01/29/03  Senate: Reading of substitute waived
01/29/03  Senate: Committee substitute rejected 039067524-S1
01/29/03  Senate: Reading of substitute waived
01/29/03  Senate: Substitute by Sen. Newman agreed to 039083524-S2
01/29/03  Senate: Motion to rerefer to committee agreed to 039083524-S2
01/29/03  Senate: Rereferred to Finance
01/30/03  Senate: Passed by indefinitely in Finance (12-Y 2-N)