Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 558 modifies how property values are assessed under the public school finance system. It removes the previous limitation of using only half the value of optional homestead exemptions and instead fully accounts for such exemptions when calculating taxable property values. This change impacts funding distribution calculations under the state’s school finance system.
Author (5)
Michael Schofield
Richard Raymond
Tom Oliverson
Jon Rosenthal
Sam Harless