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House Co-Sponsorship Memoranda
House of Representatives
Session of 2013 - 2014
Regular Session
MEMORANDUM
| Posted: | January 10, 2013 02:31 PM |
|---|---|
| From: | Representative Eli Evankovich |
| To: | All House members |
| Subject: | Prohibit Property Tax Reassessments for Home Improvements - Former HB 2729 |
| In the near future, I plan to re-introduce former HB 2729, legislation that will restrict when a home value can be reassessed for property tax purposes. I believe that we need to reconsider, as a matter of tax policy, the fairness and equity of the current system. As you are aware, property taxes can be increased in two ways: Reassessment and Millage Increase. Current law allows for property value reassessments (for tax purposes) under many circumstances including when improvements are made to real property. As we all know, this creates a tax punishment for those who choose to improve their home. My legislation will prohibit property reassessments for property improvements. People should not be penalized for investing in their property. I believe that this is a small, yet crucial step in resolving some of the inherent problems in the current system. Former co-sponsors include: R. BROWN, FLECK , GILLEN, GROVE, HELM , LAWRENCE, MARSHALL , MULLERY and O'NEILL |
Introduced as HB830