Legal status (The legal status is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the status listed.)
Concerning Reductions in Real Property Taxation for Only the 2023 and 2024 Property Tax Years, and, in Connection Therewith, Reducing the Assessment Rates for Certain Classes of Nonresidential Property and All Residential Property and the Amount of Actual Value to Which the Rate Is Applied for All Residential Real Property and Commercial Property for 2023; Reducing the Assessment Rates for All Multi-Family Residential Real Property to a Set Amount for 2024; Reducing the Assessment Rates for All Residential Real Property Other Than Multi-Family Residential Real Property for 2024 by an Amount Determined by the Property Tax Administrator to Cumulatively With the Other Provisions of the Bill Reduce Statewide Property Tax Revenue for 2023 and 2024 by a Specified Amount; Reducing the Assessment Rates for Real and Personal Property That Is Classified as Agricultural or Renewable Energy Production Property for 2024; and Requiring the State to Reimburse Local Governments, Excluding School Districts, in 2024 for 2023 Reductions in Their Property Tax Revenue Resulting From the Bill