Staff Analysis of the Legislation
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This legislation: 1)restricts the assessed value from increasing beyond the initial assessment value established by the board of tax assessors when the property is appealed unless it is under a two year lock; 2) provides for rural health care organizations and establishes an income tax credit for contributions made to them; 3) changes the definition of disabled veteran for purposes of the free license plate and homestead exemption; and 4) changes the conditions for establishing the two year lock on assessments established on appeal. |
