State Senator Chip Rogers says he wants changes to property tax law in light of the recent housing market downturn.
People who buy foreclosed properties at bargain values are being taxed at much higher county assessments, says Republican State Senator Chip Rogers.
So he's proposing that counties can only tax on the price of a home.
"If you buy a home this year and you don't do anything," says Rogers. "Whatever you paid for it, should be your assessment for that year."
Rogers says he also wants assessment notices sent out every year, and allow for assessment appeals year- round.
He admits that the measure could backfire in a booming market, but he says his ultimate goal remains eliminating all property taxes.