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Revenue Committee advances bill to standardize order for applying property tax exemptions
Summary
The Revenue Committee voted to pass House Bill 279, which directs the Department of Revenue to prescribe a uniform order for applying multiple property tax exemptions to assessed value so exemptions are not applied repeatedly to the same assessed value.
The Revenue Committee advanced House Bill 279 on a roll-call vote after hearing testimony from the Department of Revenue and a county assessor that the bill provides needed uniformity in applying overlapping property tax exemptions.
Brenda Henson, director of the Department of Revenue, told the committee the bill clarifies how assessors should apply exemptions when more than one applies to the same property. She said exemptions passed in 2024 use…
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