Assessed value growth quotient for tax purposes.

Authors: Senator Brandt Hershman

Digest

Provides that a county based assessed value growth quotient may be determined for each civil taxing unit. Provides that the assessed value growth quotient for a civil taxing unit is the lesser of: (1) the quotient determined using a six year average of statewide income growth (as current law provides); or (2) the quotient determined using a six year average of assessed value growth in the county in which the particular civil taxing unit is located. Makes conforming changes.