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NEW: HB658 Gray Bill
The ETAP program is being eliminated as they committee is considering different options. A new fiscal note is being prepared by the department as well as the impact of an amendment by Senator Christine Kaufman that proposed to combine the veterans', property tax assistance program, elderly homeowner/renter credit, and any additional assistance programs. Details here.
Sen. Essmann is also proposing new language to treat newly taxable in 15-10-420 throughout the reappraisal.
Section 8: (3)(c) For the purpose of subsection (3)(a)(ii), newly taxable class four property consisting of constructed, expanded, or remodeled property made after completion of the last reappraisal cycle and phased-in as determined under 15-7-111(2), is newly taxable each year of the remainder of the reappraisal cycle as the additional value is phased-in.
The Joint Select Committee on Reappraisal will be meeting every Tuesday and Friday in Room 335. Following is information handed out at the committee as wel as information presented to earlier committees.
Reappraisal Cycles - this is a great spreadsheet showing the history of each reappraisal cycle.
Legal opinion: Whether the exempt values for residential and commercial property can be different for different geographical areas of the state.
Constitutional Property Tax Parameters: Greg Petesch overview
State Tax Appeals Board Process
DOR Constitutional Overview
Overall Impact of Reappraisal - spreadsheets show the increase in vlaue without mitigation for Class 3, 4 and 10
Overall Impact of Reappraisal on all classes of property - no mitigation
School District General Fund FY - 2009
December 8, 2008 - Revenue and Transportation Interim Committee
December 16, 2008 - Reappraisal Subcommittee of the Revenue and Transportation Interim Committee
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