HB 775: Assessment of Homestead Property
GENERAL BILL by Steele ; Basabe
Assessment of Homestead Property; Revises method of homestead property assessment; requires assessment be at most recent purchase price or, in case of new construction, cost of construction; requires reassessment to be prior assessed value or specified calculation; requires changes, additions, & improvements be assessed in certain manner; authorizes Department of Revenue to create grant program for certain purpose.
Effective Date: on the effective date of the amendment to the State Constitution proposed by HJR 773
Last Action: 3/4/2025 House - 1st Reading (Original Filed Version)
Bill Text: PDF
Last Action: 3/4/2025 House - 1st Reading (Original Filed Version)
Bill Text: PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 2/19/2025 | House |
• Filed |
| 2/26/2025 | House |
• Referred to Ways & Means Committee • Referred to Intergovernmental Affairs Subcommittee • Referred to State Affairs Committee • Now in Ways & Means Committee |
| 3/4/2025 | House |
• 1st Reading (Original Filed Version) |
