BILL · 2007–08 SESSION
HB 3273: Valuation increases
Allowing valuation increases to be spread over time.
Summary
- Provides the assessed value of property is equal to the lesser of the current appraised value or a limited value determined under this act. The limited value is equal to the greater of: (1) The improvement increase plus one hundred fifteen percent of the previous assessed value; or (2) The sum of the previous assessed value; the improvement increase; and twenty-five percent of the market increase.
From the Bill Digest (HB 3273), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · died in committee
- IntroducedJan 28, 2008
- Out of committeestopped here
- Passed House
- Passed Senate
- Governor
- Law
- Prime sponsor
- Ed Orcutt (R-18)
- Introduced
- January 28, 2008 in the House
- Last action
- January 28, 2008
AN ACT Relating to allowing valuation increases to be spread over time;
Sponsors
Prime sponsor: Ed Orcutt (R-18)
8 co-sponsors (0 Democrats, 8 Republicans)
Votes
No recorded floor votes. This measure never reached a floor vote.
History
- First reading, referred to Finance.
HB 3273 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- HB 3273 (2005–06) Student achievement fund