RPTR-15 Bill 169 (2025) BILL 169 (2025), TO ESTABLISH VALUATIONS FOR SHARED-EQUITY DEED-RESTRICTED REAL PROPERTY ADMINISTERED BY A QUALIFIED ENTITY (RPTR-15)
I support the intent of this proposed legislation to assess taxable value of properties owned by community land trusts at the affordable resale value. It would be consistent with maintaining affordability of these properties and with the policy not to tax qualified non profit owned properties. Perhaps since the Community land trusts owns the land, the value could be established by the building market value alone excluding the land value.
I support the intent of this proposed legislation to assess taxable value of properties owned by community land trusts at the affordable resale value. It would be consistent with maintaining affordability of these properties and with the policy not to tax qualified non profit owned properties. Perhaps since the Community land trusts owns the land, the value could be established by the building market value alone excluding the land value.