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Lawmakers consider limited property‑tax exemption for modest residential remodels to ease housing and caregiving costs
Summary
Rep. Jane Gillette's HB 412 would exempt certain increases in livable residential space from full property‑tax increases, subject to a cap and frequency limits; Department of Revenue staff said implementation is possible within current operations but fiscal impacts depend on local mills and uptake.
Representative Jane Gillette introduced House Bill 412 to create a limited exemption for residential property owners who increase the livable space in their homes (for example to accommodate an aging relative). Under the bill a qualifying increase in taxable value would be exempted up to a capped amount based on the property's prior taxable value and a percentage threshold,…
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