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HB 669 (2025)

Send all statewide education property tax revenue to state for redistribution, set property tax at $5 per $1K

Summary:

Requires towns to send any excess revenue from the statewide education property tax to the state's Education Trust Fund, rather than keep excess revenue in-town. This bill then sets the statewide education property tax at a rate of $5 per $1,000 of property valuation.

Bill Sponsor:
Marjorie K. Smith
Democratic party logo
Status:
HOUSE
Public Hearing Date:
02/12/2025 01:00 pm
Public Hearing Location:
LOB Room 202-204
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