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.
The source supplies the latest action, but no lifecycle stage.
Latest action (30 Mar 2009): Referred to the House Committee on Financial Services.
What this bill does
This congressional resolution, H.Con.Res. 88, would ask local tax assessors to update property values more often when calculating property taxes on people's main homes. It suggests this is needed because the housing market and economic conditions have led to lower home values.
The resolution aims to affect homeowners, particularly those whose homes have decreased in market value. It encourages local governments and officials, such as county commissioners and city council members, to consider offering property tax relief to these individuals when setting their budgets.
Introduced in the House of Representatives in March 2009, this measure was referred to the House Committee on Financial Services. As a concurrent resolution, it expresses the sentiment of both the House and Senate. If it were to advance, the next step would typically involve review and potential action by the referred committee.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
Urges local tax assessors to more frequently assess property values, especially those of primary residences, used to determine property taxes.
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.
Timeline
30 Mar 2009
Referred to the House Committee on Financial Services.
Common questions
- What does H.Con.Res. 88 do?
- This congressional resolution, H.Con.Res. 88, would ask local tax assessors to update property values more often when calculating property taxes on people's main homes. It suggests this is needed because the housing market and economic conditions have led to lower home values. The resolution aims to affect homeowners, particularly those whose homes have decreased in market value. It encourages local governments and officials, such as county commissioners and city council members, to consider offering property tax relief to these individuals when setting their budgets. Introduced in the House of Representatives in March 2009, this measure was referred to the House Committee on Financial Services. As a concurrent resolution, it expresses the sentiment of both the House and Senate. If it were to advance, the next step would typically involve review and potential action by the referred committee.
- Has H.Con.Res. 88 become law?
- The source does not supply a confirmed lifecycle stage for H.Con.Res. 88. Check the latest action and official source below.
- Who sponsored H.Con.Res. 88?
- H.Con.Res. 88 was sponsored by Rep. Stupak, Bart [D-MI-1] (D-MI), with 1 cosponsor.
- What's the latest action on H.Con.Res. 88?
- Referred to the House Committee on Financial Services. (30 Mar 2009).
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More bills from Rep. Stupak, Bart [D-MI-1]
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