A moment of silence for property tax reform (and other bills killed by the Nevada Legislature)
A proposal to let Nevada voters decide whether the taxable value of a property should be reset when a home is sold has died, one of nine victims of a legislative deadline last week.
Assembly Joint Resolution 1, sponsored by Democratic Assemblymember Natha Anderson of Sparks, would essentially have established a reset button on property taxes whenever a property was sold. Currently, the benefits of a depreciation factor and abatements used when calculating property tax stays with a home after it is sold to a new owner.
Legislature resurrects proposal to reset property tax valuation when home is sold
Because it proposed a constitutional amendment, AJR1 would have to pass in two consecutive sessions and then be approved by voters.
The change would have resulted in significantly more money for local governments and school districts, who rely on property tax for funding, without changing the state's tax rate or the beloved tax cap that limits the increase of homeowners' tax bills to no more than 3% a year regardless of how large the increase in property valuation. It would also have created tax parity between a new build and a resold home.
Supporters saw it as a reasonable reform to Nevada's complex and cumbersome property tax structure, which has led to underfunding of education and municipal services.
Other notable bills that died included:
Senate Bill 395, sponsored by Democratic state Sen. James Ohrenschall, would have required a human operator to be present in autonomous commercial vehicles weighing over 26,000 pounds, such as semi-trucks. The bill was being pushed by Teamsters, who raised concerns about autonomous vehicles eliminating middle-class jobs and creating unsafe roads.
Assembly Joint Resolution 10, sponsored by Democratic Assemblymember Sandra Jauregui, which urged the federal government to release federally managed land in Nevada for housing.
Assembly Bill 391, sponsored by Democratic Assemblymember Brittney Miller, would have required schools to compile a report on the academic achievement of chronically absent students.
The complete list of the nine bills that died Friday is available here.
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