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Committee orders study of property tax classifications; debate centers on taxing second homes
Summary
Finance Committee removed immediate statutory classification changes from the bill and directed the Department of Taxes to study methods for classifying residential properties, including second homes; several members urged keeping explicit classification language in statute rather than deferring entirely to study.
The Finance Committee voted by consensus to remove immediate statutory language creating new property tax classifications and instead directed the Department of Taxes to deliver a study and implementation recommendations by Dec. 15, with a stakeholder report due the following January.
The study will examine methods to define and classify residential properties by present use, approaches for mixed-use parcels, data collection methods needed to administer new classifications, appeals procedures, and anti-circumvention measures. Kirby Keeve, legislative counsel, described the study charge: the…
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