2010 House Bill 6420

Revise tenants-in-common property transfer definition

Introduced in the House

Sept. 8, 2010

Introduced by Rep. Brian Calley (R-87)

To exempt the transfer of property to one party on a “tenants in common” deed from the Proposal A “pop-up,” which is where the state equalized value (SEV, meaning market value) of newly-sold property becomes the basis for its property tax assessment, rather than the capped “taxable value” of the previous owner.

Referred to the Committee on Tax Policy