HB1800 — Changes the percentage of the cap on the inflationary growth factor for the assessment growth of real or personal property occurring within a political subdivision, defines assessment value, and adds provisions related to the sales ratio studies performed by the State Tax Commission

HB1800 — Changes the percentage of the cap on the inflationary growth factor for the assessment growth of real or personal property occurring within a political subdivision, defines assessment value, and adds provisions related to the sales ratio studies performed by the State Tax Commission · Informed CitizenryHB1800 makes adjustments to how the annual increases (or caps) are set for property taxes based on inflation in local areas. The bill primarily changes the percentage used when calculating the grow…Open in Informed Citizenry