Bill Summary

HB 775 Assessment of Homestead Property (2025 Session)
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Sponsors
by Steele, Basabe
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Summary
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
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committees of reference
» H Ways & Means Committee
   H Intergovernmental Affairs Subcommittee
   H State Affairs Committee
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Actions
02/19/25
HOUSE 
Filed
02/26/25
HOUSE 
Referred to Ways & Means Committee; Intergovernmental Affairs Subcommittee; State Affairs Committee
02/26/25
HOUSE 
Now in Ways & Means Committee
03/19/25
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Bill to be Discussed During the Office of EDR's Revenue Estimating Impact Conference, 03/21/25, 9:00 am, 117 K (No Votes Will Be Taken)
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bill text & filed amendments
0775
Filed on 02/19/25
PDF
No amendments to this bill text filed.
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Statute Citations
There are no statute citations.
Research & Reports
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