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IA HF39
Bill
Status
1/14/2025
Primary Sponsor
Bill Gustoff
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AI Summary
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Property tax statements mailed to owners and taxpayers must include a comparison of current fiscal year property taxes due versus the proposed amount for the budget year, including the percentage change, for budgets beginning on or after July 1, 2026
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Counties proposing to issue bonds must mail a copy of the bond issuance notice by regular mail to each eligible elector, in addition to the existing publication requirement
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Cities proposing to issue bonds for essential corporate purposes must mail a copy of the proposed action notice by regular mail to each eligible elector, in addition to the existing publication requirement
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Bond issuance notices must include the bond amount, purpose, estimated project cost, and estimated annual property tax increase on a residential property with $100,000 actual value
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The bill constitutes a state mandate that political subdivisions must comply with regardless of whether state funding is provided
Legislative Description
A bill for an act relating to local governments by modifying individual property tax statements mailed to owners and taxpayers, and requiring notifications by mail of bond issuances.
Last Action
Tabled until future meeting.
1/21/2025