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Bill Summary · LC 365

Summary of LC 365: Generally revise local property tax laws

Overview

  • Bill Number: LC 365
  • Title: Generally revise local property tax laws
  • Subject/Scope: Local Government; Taxation (Generally); Taxation—Property
  • Status: Draft died in process; draft on hold and later listed as Draft Died in Process
  • Introduced: September 27, 2024
  • Current Status (as of last action): Draft Died in Process on May 22, 2025

Intent and Scope

The bill’s title indicates an aim to generally revise local property tax laws. However, the record provided includes no text of the draft, so the specific goals, mechanisms, and reform areas are not known from this summary alone. Typical elements in a broad revision of local property tax laws might address assessment procedures, tax levy calculations, exemptions and classifications, assessment appeals, and related local government tax administration. In the absence of the bill’s actual language, the precise changes, thresholds, timelines, and affected entities remain undetermined.

Key Provisions (not disclosed in available record)

  • No specific provisions are available in the provided materials.
  • The exact changes to local property tax administration, assessment rules, exemptions, appeals processes, or any new local option tools cannot be confirmed without the draft text.
  • Once the draft text is released or published, the following sections would be most relevant to review:
    • Definitions and scope of “local property tax laws”
    • Procedures for property assessments and revaluations
    • Rules governing tax levies, millage rates, and budgeting for local districts
    • Property tax exemptions, credits, or classifications
    • Appeals and dispute resolution processes
    • Transition rules and effective dates
    • Local government compliance and enforcement provisions

Affected Parties

  • Homeowners and property owners (potential changes to assessments, exemptions, or appeals)
  • Local governments and taxing districts (cities, counties, school districts, special districts)
  • Property tax assessors and county/municipal treasurers
  • Tax professionals and property owners’ attorneys

Procedural Timeline and Status

  • 2024-09-27: Drafter Assigned; Draft On Hold
  • 2024-09-27: Introduced (per record)
  • 2025-05-22: (LC) Draft Died in Process
  • Outcome: The draft did not advance to enactment; no enacted changes would occur unless a revived or reintroduced version progresses through the legislative process.

Potential Impact if Enacted

Because the actual provisions are not available, potential impacts cannot be precisely stated. Generally, a “general revision” could affect:
- How properties are assessed and valued
- Tax levy calculations and fiscal planning for local governments
- Eligibility, availability, and administration of exemptions or classifications
- Appeals timelines and procedures
- Administrative burden and compliance for local taxing authorities

Next Steps for Tracking

  • Obtain the actual draft text of LC 365 to analyze the specific provisions and impacts.
  • Monitor committee hearings and floor actions if a revived version is introduced.
  • Compare proposed changes to existing local property tax statutes to identify winners and losers (owners, districts, and assessors).

If you’d like, I can update this summary promptly once the draft text or committee summaries become available.

Compiled from official sources — confirm details with the bill’s official record.

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