Bill Summary

by Bernard

Assessment of Homestead Property; Limiting the assessed value upon change of ownership of homestead property having a prior assessed value below a certain amount when the person acquiring the property is entitled to a homestead exemption, etc. Effective Date: On the effective date of the amendment to the State Constitution proposed by SJR 278 or a similar joint resolution having substantially the same specific intent and purpose, if such amendment is approved at the next general election or at an earlier special election specifically authorized by law for that purpose

Committee references not assigned.