Honorable Morgan Meyer, Chair, House Committee on Ways & Means
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB4809 by Meyer (relating to the authority of an owner of property that qualifies for an exemption as a historic or archaeological site to protest the allocation of the appraised value of the property between the land and the improvements to the land.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
The bill would allow a property owner subject to a property tax exemption for a historic site to protest the appraised value of the structure or archeological site, the appraised value of the land, and the allocation of appraised value between the structure and archeological site and the land.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.