Lead Sponsors: Representative Jean Schmidt
Status: Introduced (February 11, 2025)
Description: The bill creates a temporary property tax freeze by reducing the property taxes due for every piece of real property owned continuously by the same person between January 1, 2022, and December 31, 2024. The reduction is equal to the amount by which the calculated taxes due for 2024 exceed the taxes paid in 2022.
The bill does not include a mechanism to reimburse local taxing entities for lost revenue due to the temporary freeze.
CCAO Position: The Association generally opposes property tax credits, exemptions, freezes that are not reimbursed to local governments.