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Proposal to tax residences by square footage, not valuation, draws mixed reaction (HB 1474)
Summary
Representative Nathan Toman’s House Bill 1474 would replace residential ad valorem taxation with a square‑footage formula separating land and structure area. Proponents called it structural reform that ends valuation volatility; opponents warned the change would shift burdens, require large relief measures and needs study before implementation.
House Bill 1474, introduced by Representative Nathan Toman, would shift residential property taxation from market valuation to a square‑footage calculation that separates land area from above‑grade structure area.
Toman said the reform is intended to eliminate the “stealth” tax increases caused by rising valuations and to reduce the disincentive for homeowners to improve properties. He told the committee the square‑footage approach sits in section 18 of the draft and separates land and structure…
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