← All Bills
HB2408: Providing that leased ground owned by a county-recognized community land trust shall be considered as a factor in determining fair market value for property tax purposes.
In CommitteeHouse
Introduced
In Committee
Passed Chamber
Passed Both
Signed
Plain-Language Summary
This bill says that land owned by a community land trust should be considered when determining the fair market value of property for tax purposes.
Who This Affects
Homeowners and businesses who own property on leased ground from a county-recognized community land trust may see changes to their property taxes.
Key Provisions
• The bill considers leased ground owned by a community land trust as a factor in determining fair market value
• This applies only to properties with leased ground owned by a county-recognized community land trust
• The goal is to ensure accurate property tax assessments
AI-generated summary · verify with full bill text
Timeline
Introduced
Thursday, March 13, 2025
Last Action
Senate Hearing: Friday, March 13, 2026, 9:30 AM Room 548-S
Mar 12, 2026
Sponsors
No sponsors listed.
Track This Bill
Get email alerts when this bill has new action.
Advertisement