BILL · 2015–16 SESSION

SB 5525: Property taxes

Concerning property taxation.

Summary

  • Sets base years for property tax valuation computation and limits property tax valuation increases to one percent per year over the base year until ownership of the property changes on owner-occupied property claimed as a principal place of residence. Takes effect if the proposed amendment to Article VII of the state Constitution, providing property tax relief, is approved by the voters at the next general election.

From the Bill Digest (SB 5525), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 23, 2015
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Senator (D-35)
Introduced
January 23, 2015 in the Senate
Last action
March 10, 2016
Budget
Has a fiscal note

AN ACT Relating to property taxes;

Sponsors

Prime sponsor: Senator (D-35)

1 co-sponsor (0 Democrats, 1 Republican)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status.
  2. By resolution, reintroduced and retained in present status.
  3. By resolution, reintroduced and retained in present status.
  4. By resolution, reintroduced and retained in present status.
  5. By resolution, reintroduced and retained in present status.
  6. First reading, referred to Ways & Means.

SB 5525 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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