Generally revise property tax laws

2025 Regular Session

Proposes a broad rewrite of property tax laws to modernize assessments, exemptions, and collection rules, impacting owners and local governments; the bill died in process.

(LC) Draft Died in Process

#taxation(generally) #taxation--property

LC 2025 — Generally revise property tax laws

Quick facts

Bill Number: LC 2025

Title: Generally revise property tax laws

Status: Draft Died in Process

Introduced: November 27, 2024

Classification: bill

Subject: Taxation (Generally), Taxation—Property

Key actions:

2024-11-27: Drafter Assigned
2024-12-23: Draft On Hold
2025-05-22: Draft Died in Process

Purpose and intent

The bill’s title indicates an effort to broadly revise the state’s property tax laws. While the full text is not provided here, such a measure typically seeks to modernize, simplify, and/or clarify how property taxes are assessed, assessed values determined, exemptions and relief are applied, and taxes are levied and collected. The aim would generally be to create a more uniform framework across jurisdictions, improve taxpayer transparency, and align procedures with constitutional or statutory standards.

What the bill would do (based on the title and typical scope of “generally revise” property tax laws)

Note: The actual text of LC 2025 is not provided, so the provisions below reflect common elements found in broad property tax revisions and are not confirmed specifics of this bill.

Modernize assessment processes and valuation standards for different property classes (residential, commercial, industrial, agricultural).

Clarify taxpayer rights, notices, and appeal procedures for property tax determinations.

Update exemptions, abatements, caps, or relief programs available to property owners.

Streamline levy and budgeting procedures that relate to property taxation (including school and local government funding).

Harmonize deadlines, forms, and reporting requirements for assessors and local taxing authorities.

Address data collection, transparency, and potentially digital or centralized assessment tools.

Include transitional provisions or phasing schedules if major changes affect existing assessments or tax bills.

Who would be affected

Property owners and taxpayers who would experience changes in assessment methods, exemptions, and appeal rights.

Local taxing jurisdictions (counties, municipalities) and school districts, which rely on property tax revenues and would adjust administration accordingly.

County and local assessors and tax administrators responsible for implementing any revised processes.

Potentially state agencies responsible for tax policy and administration.

Procedural/timeline notes

Draft assigned: 2024-11-27

On hold: 2024-12-23

Died in process: 2025-05-22

As the bill has died in process, there is no active legislative path for LC 2025 in its current form. If interest in reform persists, another version could be introduced in a future session with new provisions and a new procedural timeline.