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Committee advances bill to shift burden in large property-tax increases, clarify homeowner-exemption proration
Summary
The Senate Local Government and Taxation Committee recommended sending House Bill 354 to the Senate floor. The bill would shift the burden of proof to assessors for property-tax appeals when a parcel’s assessed value increases more than 10% and would codify how to prorate the homeowner's exemption when eligibility changes midyear.
The Senate Local Government and Taxation Committee on Thursday voted to send House Bill 354 to the Senate floor with a "do pass" recommendation after hearing testimony from the bill sponsor and industry groups.
The bill has two main provisions: it shifts the burden of proof in property-tax appeals to the county assessor when a property’s assessed value rises by more than 10% in one year and the assessor did not follow the State Tax Commission’s equalization methods; and it codifies how counties must prorate the homeowner’s exemption when a property gains or loses eligibility partway through the year.
"There’s two primary things that this House Bill deals with: it’s a…
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