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Senators hear competing property‑tax relief proposals; sponsor says bill aims to target relief and reduce utility tax burden
Summary
Senate Bill 32 would restructure property-tax rates to lower the base rate for owner-occupied homes and change rates for other classes, with department fiscal staff, municipalities and policy groups testifying about potential local government revenue uncertainty and targeting of relief.
Senate Finance and Claims received extended testimony on Senate Bill 32, a property-tax relief bill that proposes changing class rates for taxable value and seeks to shift tax burdens among owner‑occupied homes, rentals, businesses and centrally assessed utilities.
Sponsor Senator Jeremy Trebis (Senate District 10) summarized his bill as a relatively simple change to rate structure intended to reduce owners’ tax burdens while reducing taxable value for utilities. He told the committee the bill “mostly just adjust[s] the rates,” and said it would set a lower rate for owner-occupied class 4 property (he cited 1.25% for owner‑occupied in his floor summary) while applying a 1.65%…
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