Cities and towns-abandoned and nuisance
properties.
25LSO-0011, 1.0
HB0066
FISCAL NOTE
The fiscal impact, in the form of decreased property tax revenues from the
proposed tax credits, is indeterminable.
Under this bill, property owners that improve designated abandoned and nuisance
properties may receive a tax credit. At this time, those properties are not
tracked by the county assessors.
Administration of this proposed limitation would require county assessors and the
Department of Revenue to implement more policies and procedures to yearly track
abandoned and nuisance properties within the Computer Assisted Mass Appraisal
(CAMA) System.
Prepared by: Dean Temte, LSO Phone: 777-7881
(Information provided by Kenneth Guille, Department of Revenue, 777-5235)