HR 1041, Constitutional Amendment Local Government Alternative Method of Property Appraisal

Municipal Impact
Position
Oppose
GMA Contact
Bill Sponsor

Rep. Dale Washburn
District 144

House Resolution 1041 is a constitutional amendment that would allow any county or consolidated government to use an alternative method of property appraisal and assessment. The bill allows the county or consolidated government to use the property's last sale value as the alternative method of property appraisal and assessment. HR 1041 allows the property value to reset after each sale. The bill also allows for only substantial improvements to the property of $50,000 or more to change the property value.

Last Updated: 2/12/2024
Subject Area: Taxation
Resources: bill text
BILL STATUS
2/26/2024 - Passed House Committee, Pending in House Rules

Comment on this Bill

HR 1041 In The News