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SB712 • 2025

Provides for an annual increase of three percent in the maximum assessed value of property.

Provides for an annual increase of three percent in the maximum assessed value of property.

Taxes
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Senator Gorsek
Last action
2025-06-27
Official status
In Senate Committee
Effective date
Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

  1. 2025-06-27 Senate

    In committee upon adjournment.

  2. 2025-03-26 Senate

    Public Hearing held.

  3. 2025-01-17 Senate

    Referred to Finance and Revenue.

  4. 2025-01-13 Senate

    Introduction and first reading. Referred to President's desk.

Official Summary Text

Digest: The Act would increase the maximum value of property for each tax year by three percent. (Flesch Readability Score: 68.9).
Provides for an annual increase of three percent in the maximum assessed value of property.
Takes effect on the 91st day following adjournment sine die.
Relating to: Relating to maximum assessed value; prescribing an effective date.
Current location: In Senate Committee