New MexicoVotes.org: New Mexico Laws, Bills and Votes
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Legislation watch
2009 Senate Bill 181: Prohibit Revaluation of Property Upon Sale
Introduced by Sen. Mark Boitano R- on January 22, 2009
To eliminate the requirement for residential property to be revalued when it’s sold, and to prohibit the value of such property from exceeding the highest of 103% of its value in the previous tax year or 106 1/10 % of the value two years prior. Official Text and Analysis.
Referred to the Senate Corporations and Transportation Committee on January 22, 2009
Referred to the Senate Finance Committee on March 5, 2009
Amendment offered in the Senate on March 5, 2009
To require each county to make an electronic property tax schedule available and a calculator that allows a user to choose a property value for a specific property and calculate the potential tax liability.
The amendment passed by voice vote in the Senate on March 5, 2009
Reported to the Senate on March 5, 2009
Substitute offered in the Senate on March 14, 2009
To replace the previous version of the bill with one that revises various details, but does not change its substance.
The substitute passed by voice vote in the Senate on March 14, 2009
To eliminate the requirement for residential property to be revalued when it’s sold, and to prohibit the value of that property from exceeding the highest of 103% of its value in the previous tax year or 106 1/10 % of the value two years prior, with certain exceptions .
Received in the House on March 14, 2009
Referred to the House Taxation and Revenue Committee on March 14, 2009