HB 3139
Authorizes a county to allow a homestead rebuilt by the same owner on the same lot to replace the homestead destroyed by wildfire to have a specially assessed value equal to the destroyed homestead's real market value for the property tax year during which the homestead is destroyed, to the extent of the square footage of the destroyed homestead.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill allows a county to offer a temporary property tax break to homeowners who rebuild their homes after they’ve been destroyed by wildfire. If a homeowner rebuilds on the same lot, the rebuilt home can be assessed at its pre-fire market value for a limited time, up to the square footage of the original home. This special assessment continues until the rebuilt home is no longer the owner’s primary residence, is rented out, or is sold.
Key provisions
- Allows counties to offer a specially assessed value for rebuilt homesteads after wildfire destruction.
- The specially assessed value is equal to the destroyed homestead’s real market value, based on the pre-fire tax statement.
- The value is limited to the square footage of the destroyed homestead.
- The specially assessed value continues until the rebuilt homestead is no longer the owner’s principal dwelling, rented, or sold.
- A claim for the special assessment must be submitted on a specific form.
- The assessor must record a notice of the special assessment.
- Claims must be filed within a specific timeframe (January 1 – April 1).
- Subsequent claims must be attested to by the owner.
Who is affected
- Homeowners who have lost their homes to wildfire.
- County assessors and tax officials.
- Local governments (counties).
- Property tax payers.
- Insurance companies
Notable changes
Sponsors
Official sponsors from legislative records.
Primary sponsors
Vikki Breese-Iverson
Cosponsor
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