HB 1116 - FINANCIAL.PROPERTY TAX - Change from Full & True Value to Taxable Value (Housekeeping bill) - 2011

Property Tax

Origination of Bill: Tax Commissioner

Changes Property Tax exemption for Disabled Veterans from the first "One hundred twenty thousand dollars of true and full value" to "Five thousand four hundred dollars of taxable value". This calculates out to the same amount of tax savings. The change keeps the assessed value of the property the same for reporting and statistical purposes.