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Property tax reappraisal bill paused after heated debate over fairness and fiscal impact
Summary
Senate discussion of SB43, which would require countywide reassessments when average property values change 10% or more, drew extensive debate about localized tax spikes and a pending $4 million fiscal note; senators requested revised fiscal analysis and held the bill for further consideration.
Senate Bill 43, a proposal to require countywide property reappraisals in certain first- and second-class counties when average assessed values change by 10% or more, was the focus of extended debate on Jan. 27.
Senator Barrett, presenting the bill, said it arose "because of a huge tax problem in the Holiday area," where reappraisal cycles had led to neighboring homes receiving very different tax assessments. "Homes right next to each…
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