Text: HF02003 Text: HF02005 Text: HF02000 - HF02099 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 propertyfor three years after the1 8recording of the plat oruntil 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. This Act applies to assessment 1 15 years beginning on or after January 1, 2003. 1 16 EXPLANATION 1 17 Currently, a platted lot for which a subdivision plat has 1 18 been recorded will be assessed for property tax purposes as 1 19 acreage or unimproved property for three years or until the 1 20 lot is actually improved with permanent construction, 1 21 whichever occurs first. This bill removes that time limit and 1 22 provides that a platted lot will be assessed as acreage or 1 23 unimproved property until the lot is actually improved with 1 24 permanent construction. 1 25 The bill applies to assessment years beginning on or after 1 26 January 1, 2003. 1 27 LSB 5013HH 79 1 28 sc/cls/14
Text: HF02003 Text: HF02005 Text: HF02000 - HF02099 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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