SB23B-006
Real Property Valuation Cap
| Type | Bill |
|---|---|
| Session | 2023 Extraordinary Session |
| Subjects |
Concerning a limit on the percentage by which the actual value of most classes of real property may increase for the 2023 property tax year.
Bill Summary:
The bill ensures that the actual value of property used for purposes of valuation for assessment does not increase by more than 6% between 2022 and 2023 for property that does not have an unusual condition that results in an increase in actual value.
(Note: This summary applies to this bill as introduced.)
Committees
Senate
Local Government & Housing
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 11/17/2023 | Introduced |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.001 (Attachment C) | The motion passed without objection. | Vote summary |
| Refer Senate Bill 23B-006, as amended, to the Committee on Appropriations. | The motion failed on a vote of 3-4. | Vote summary |
| Postpone Senate Bill 23B-006 indefinitely using a reversal of the previous roll call. There was no objection to the use of the reverse roll call, therefore, the bill was postponed indefinitely. | The motion passed on a vote of 4-3. | Vote summary |
| Date | Amendment Number | Committee/ Floor Hearing | Status | Documents |
|---|---|---|---|---|
| 11/17/2023 | L.001 | SEN Local Government & Housing | Passed [*] |
| Date | Location | Action |
|---|---|---|
| 11/17/2023 | Senate | Senate Committee on Local Government & Housing Postpone Indefinitely |
| 11/17/2023 | Senate | Introduced In Senate - Assigned to Local Government & Housing |