Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee rejects House Bill 1894 to set valuation method for affordable housing
Summary
Representative Howard Beatty, sponsor: "18 94 is, to establish a method of valuation for real property used, for affordable housing" and later summarized fair market value as "what a willing buyer or willing seller would agree to exchange a property for in an arms length sale." The committee took no recorded roll-call and a voice vote failed when the chair announced, "the noes have it; bill has failed."
Representative Howard Beatty, sponsor: "18 94 is, to establish a method of valuation for real property used, for affordable housing" and later summarized fair market value as "what a willing buyer or willing seller would agree to exchange a property for in an arms length sale." The committee took no recorded roll-call and a voice vote failed when the chair announced, "the noes have it; bill has failed."
Beatty opened the discussion by saying House Bill 1894 would "provide clear guidance to the assessors, the taxpayers, and agencies on how to value unique and complex property types such as affordable housing." He said the measure was intended to ensure affordable housing is valued consistent with fair market value while…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
