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On Thursday, January 22, at 8:00 a.m., CS/HJR 203 (Miller) will be considered by the House Ways & Means Committee.
CS/HJR 203 phases out non-school homestead property taxes over 10 years. Each year, homeowners would receive an additional $100,000 exemption. After ten years, all non-school homestead property taxes would be eliminated. The bill prohibits the reduction of first-responder budgets. The projected negative impact in 2030-31 is $13.3 billion recurring for cities and counties. If approved, all non-school homestead property would be terminated by 2037.
Click here to view the letter FLC sent to the Committee.
Also on Thursday, HJR 213 (Griffitts) will be considered by the House State Affairs Committee at 10:30 a.m.
HJR 213 slows the growth in the assessed value of non-school homestead property taxes to 3% over three years for homestead property (currently at 3% per year) and 15% over three years for non-homestead property (currently at 10% per year). The projected fiscal impact is over $5 billion recurring for cities and counties. An amendment has been filed to expand prohibited reductions to include fire and EMS.
Click here to view the letter FLC sent to the Committee.
The bills are likely to pass their committees, but it's important to continue educating your legislators about how these property tax proposals will impact your city as these bills get closer to a House vote.
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