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House repeals escrow requirement on disputed property taxes after extended debate
Summary
On July 16, 1997 the House passed Senate Bill 2,002 to repeal the escrow requirement that had required counties to deposit 100% of disputed tax amounts; the vote was 58–14 after floor debate about budget impacts, valuation difficulties for centrally assessed businesses, and potential burden shifts to homeowners.
House members debated Senate Bill 2,002, which removes from statute the escrow requirement added earlier in House Bill 129 that forced counties to escrow 100% of disputed tax amounts when a taxpayer appealed an assessment. The sponsor explained the repeal would eliminate the mandated upfront escrow and the automatic certified-rate increase tied to that escrowed amount.
During debate, Representatives raised policy trade-offs. One lawmaker argued the escrow law raised…
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