[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H. Con. Res. 88 Introduced in House (IH)]

111th CONGRESS
  1st Session
H. CON. RES. 88

Urging local tax assessors, in light of the current housing market and 
 economic struggles of people in the United States, to more frequently 
   reassess the property values used to determine property taxes for 
   primary residences, and encouraging local governments to provide 
     property tax relief to those whose home values have declined.


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 30, 2009

  Mr. Stupak submitted the following concurrent resolution; which was 
            referred to the Committee on Financial Services

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                         CONCURRENT RESOLUTION


 
Urging local tax assessors, in light of the current housing market and 
 economic struggles of people in the United States, to more frequently 
   reassess the property values used to determine property taxes for 
   primary residences, and encouraging local governments to provide 
     property tax relief to those whose home values have declined.

Whereas the current credit crisis and declining housing market have caused 
        property values to decrease significantly;
Whereas although property taxes are determined by the assessment of property 
        value by local tax assessors, properties often are not reassessed for up 
        to 5 to 10 years;
Whereas many homes in the United States are currently assessed at values higher 
        than their current market value;
Whereas because many property values have not been assessed since well before 
        the recent decline in the housing market, many people in the United 
        States are paying higher rates for property taxes than would otherwise 
        be due;
Whereas many people in the United States are losing their homes and are not 
        paying their property taxes, further contributing to declining housing 
        market values, reducing the local tax base, and exacerbating the current 
        economic downturn; and
Whereas more frequent reassessment of the property values, taking the current 
        housing market into account, would ensure that people in the United 
        States are paying their fair share of property taxes: Now, therefore, be 
        it
    Resolved by the House of Representatives (the Senate concurring), 
That Congress--
            (1) urges local tax assessors to more frequently reassess 
        property values, especially those of primary residences, used 
        to determine property taxes; and
            (2) encourages county commissioners, city council members, 
        school board members, and others, as they set their yearly 
        budgets, to provide, when possible, property tax relief during 
        this current economic downturn.
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