Text: HF00467 Text: HF00469 Text: HF00400 - HF00499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 441.72, Code 2001, is amended to read 1 2 as follows: 1 3 441.72 ASSESSMENT OF PLATTED LOTS. 1 4 When a subdivision plat is recorded pursuant to chapter 1 5 354, the individual lots within the subdivision plat shall not 1 6 be assessed in excess of the total assessment of the land as 1 7 acreage or unimproved property forthreeten years after the 1 8 recording of the plat or until the lot is actually improved 1 9 with permanent construction, whichever occurs first. When an 1 10 individual lot has been improved with permanent construction, 1 11 the lot shall be assessed for taxation purposes as provided in 1 12 chapter 428 and this chapter. This section does not apply to 1 13 special assessment levies. 1 14 Sec. 2. APPLICABILITY DATE. This Act applies to 1 15 subdivision plats recorded on or after July 1, 2001. 1 16 EXPLANATION 1 17 Current law provides that individual lots within a 1 18 subdivision plat shall be assessed for property tax purposes 1 19 as acreage or unimproved property for three years or until the 1 20 lot is improved, whichever occurs first. This bill changes 1 21 this assessment period from three years to 10 years. 1 22 The bill applies to subdivision plats recorded on or after 1 23 July 1, 2001. 1 24 LSB 2849HH 79 1 25 sc/pj/5
Text: HF00467 Text: HF00469 Text: HF00400 - HF00499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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