Complete Story
02/13/2024
House Bill 187
Lead Sponsors: Representative Thomas Hall and Representative Adam Bird
Status: Passed the House 58-25 (October 11, 2023), Passed the Senate with changes 31-0 (December 6, 2023)
Description: The bill experienced significant changes between its passage by the House and its passage by the Senate.
The House version of the bill gives final authority on property tax valuations to the county auditor and allows the Department of Taxation to recommend adjustments to the county auditor and to appeal to the Board of Tax Appeals if the recommendation is not followed. This essentially is an inversion of the procedure under current law. The House version also requires sales ratio studies for tax years 2023, 2024, and 2025 to include all sales made during the preceding three years and to give each sale equal weight, and applies similar changes to the CAUV calculation.
The Senate version of the bill maintains the provisions concerning the county auditor's role as final authority for property tax valuations but eliminates the changes to sales ratio studies. The Senate version also temporarily increases the homestead exemption amount for all existing qualifies and temporarily expands eligibility, and reimburses local governments for revenue foregone as a result of the temporary homestead expansions; school districts will be reimbursed at 50% while other taxing authorities will be reimbursed at 100%.
CCAO Position: No position (as of July 2024)
Other Notes: Various officials representing county governments have provided testimony to the bill at different stages, primarily in the House.
- House Witnesses
- Proponents
- Opponents
- Senate Witnesses
- Interested Party
