2003 House Bill 4784

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• Introduced by Rep. Edward Gaffney on May 28, 2003, to exempt homestead property which is purchased by a person whose previous homestead was in the same community for at least three years from the taxable value “bump-up.” The “bump up” is where the state equalized value (market value) of newly-sold property becomes the basis for its property tax assessment, rather than the capped “taxable value” of the previous owner, which is lower.
  • Referred to the House Tax Policy Committee on May 28, 2003.

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Introduced by Rep. Edward Gaffney on May 28, 2003. New Comment