Property tax rebate for residential or commercial and industrial properties sold for less than 97% of appraised value.
This bill provides for a property tax rebate for certain real property used for residential or commercial and industrial purposes when such property sells in a qualifying sale for less than 97% of the county appraised value. A qualifying property is one that remains in the same condition or is in a superior condition as compared to the relevant valuation date.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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