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HF632 would let metro county assessors consider easement impacts on property value; supporters say it restores fairness
Summary
House File 632 (as amended) would authorize assessors in the metropolitan area to factor conservation easements into taxable value where counties adopt a resolution and natural resource plan; testimony framed the change as restoring fairness for landowners who donated easements after a 2013 law limited assessor discretion.
Representative Nadeau presented House File 632 as an attempt to restore assessor discretion, in a limited way, to acknowledge when conservation easements reduce a parcel's market value. “Conservation easements…limit development potential. So ultimately it's a reduction in value, and that's what this bill does,” Nadeau told the committee, noting the amended version narrows the change to metro counties and requires county resolution and a natural resource plan before assessors may adjust…
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