SB 1092: Assessment of Homestead Property
GENERAL BILL by Martin
Assessment of Homestead Property; Revising the method of homestead property assessments; requiring that assessments be at the most recent purchase price or, in the case of new construction, the cost of construction; requiring that reassessment be the prior assessed value or a specified calculation; authorizing the Department of Revenue to create a grant program for a certain purpose, etc.
Effective Date: On the effective date of the amendment to the State Constitution proposed by SJR ____, or a similar joint resolution having substantially the same specific intent and purpose, if such amendment is approved at the next general election or at an earlier special election specifically authorized by law for that purpose
Last Action: 3/4/2025 Senate - Introduced
Bill Text: Web Page | PDF
Last Action: 3/4/2025 Senate - Introduced
Bill Text: Web Page | PDF
Senate Committee References:
- Community Affairs (CA)
- Finance and Tax (FT)
- Appropriations (AP)
-
Bill History
Date Chamber Action 2/24/2025 Senate • Filed
3/3/2025 Senate • Referred to Community Affairs; Finance and Tax; Appropriations
3/4/2025 Senate • Introduced
-
SB 1092, Original Filed Version (Current Bill Version) Posted 2/24/2025 at 4:54 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (2)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 775 Assessment of Homestead Property Steele, Basabe Identical Last Action: 3/4/2025 H 1st Reading (Original Filed Version) 
H 773 Revising How Homestead Property is Assessed Steele, Basabe Compare Last Action: 3/4/2025 H 1st Reading (Original Filed Version)
Citations - Statutes (2)
Citation Catchline Location in Bill Location In Bill Help 193.155 Homestead assessments. Page 1 (pdf) 194.011 Assessment notice; objections to assessments. Page 18 (pdf)