Authors: Representative Rhonda Rhoads
Co-authors: Representative Michael Karickhoff, Representative Edward Clere
Establishes an annual property tax replacement fee on any parcel receiving assessed value deductions or property tax credits that reduce the annual property tax liability on the parcel to less than $100. Provides that the minimum annual amount due in property taxes and the property tax replacement fee per parcel is $100. Changes from $25 to $100 the amount for requiring the payment of property taxes and the property tax replacement fee in one installment. Eliminates the $5 minimum property tax statement processing fee.