TO AMEND THE LAW CONCERNING THE ASSESSMENT OF PROPERTY FOR THE PURPOSE OF PROPERTY TAX; AND TO REPEAL THE REQUIREMENT THAT PERSONAL PROPERTY SUBJECT TO TAXATION BE LISTED OR REPORTED BY THE PROPERTY OWNER.

Fiscal Impact Statement Bill: HB1911 Bill Subtitle: TO AMEND THE LAW CONCERNING THE ASSESSMENT OF PROPERTY FOR THE PURPOSE OF PROPERTY TAX; AND TO REPEAL THE REQUIREMENT THAT PERSONAL PROPERTY SUBJECT TO TAXATION BE LISTED OR REPORTED BY THE PROPERTY OWNER. --------------------------------------------------------------------------------------------------------------------------------------- Sponsors: Rep. Lundstrum and Sen. Bryant Basic Change: HB1911 repeals the requirement that a person list personal property of which he or she is the owner with a county assessor for purposes of property tax assessments. The bill also repeals the provision that an owner's valuation in a listing of personal property is not conclusive. HB1911 repeals certain penalties related to delinquent property tax assessments. HB1911 is effective for assessment years beginning on or after January 1, 2026. Fiscal Impact: Possible decrease in the total collected property tax. Taxpayer Impact: Individual taxpayers will no longer be responsible for listing their property for their county assessors. They will receive a statement from their assessor listing their property and its value. Resources Required: County as