SPONSOR: Pouche
This bill modifies the percentages of true value at which subclasses of real property are assessed as follows:
For real property in subclass (1), the assessment is reduced from 19% to 10%;
For real property in subclass (2), the assessment is reduced from 12% to 8%;
For real property in subclass (3), the assessment is reduced from 32% to 20%.
Statutes affected: