Property taxes should be based on an actual assessment, not a market value price. What someone "might' pay for a home, isn't what it's actually worth.
HB1380
House · 2026 sessionBipartisanKilled in HouseProperty assessments based on replacement cost
AIRequires that the assessment of real property and land be based on its replacement- or cost-based value.
requiring the assessment of real property and land be based on replacement or cost-based value.
Status
Killed in the House — Inexpedient to Legislate · February 19, 2026- ✓Introduced
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Division of testimony
12 submissionsConsidering the real estake market has been out of control since covid, I definately support property assesments to be based on the actual replacement values that you might get from your insurance, its more fair that way.
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