Bill Summary

SB 1092 Assessment of Homestead Property (2025 Session)
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
02/24/25
SENATE
Filed
03/03/25
SENATE
Referred to Community Affairs; Finance and Tax; Appropriations
05/03/25
SENATE
Indefinitely postponed and withdrawn from consideration
1092
Filed on 02/24/25
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193.155
194.011
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