Bill 142
I fully support the intent of Bill 142 to provide a more expeditious method to change the RPT classification of a property that changes its use to Long Term Rental or Owner occupied use after the current December 31 deadline. It is not clear exactly how this legislation would be administered by the department to achieve the legislative intent. I suggest asking the department if they could administrate this bill to avoid the up to 18 month delay in changing the tax classification for properties when uses change.
A better option would allow any change in use to be accounted for upon initiation of the new use. For example when a B&B permit is granted, the tax classification should change to commercialized residential upon issuance of the permit and this classification immediately change again upon sale of the property or the termination of the permit. Or when a property use changes to non owner occupied upon sale of the property.
It still is not clear to me the amendment being made by the addition of 3.48.450 C 3 and why a residency of ten consecutive years is required.
Bill 142
I fully support the intent of Bill 142 to provide a more expeditious method to change the RPT classification of a property that changes its use to Long Term Rental or Owner occupied use after the current December 31 deadline. It is not clear exactly how this legislation would be administered by the department to achieve the legislative intent. I suggest asking the department if they could administrate this bill to avoid the up to 18 month delay in changing the tax classification for properties when uses change.
A better option would allow any change in use to be accounted for upon initiation of the new use. For example when a B&B permit is granted, the tax classification should change to commercialized residential upon issuance of the permit and this classification immediately change again upon sale of the property or the termination of the permit. Or when a property use changes to non owner occupied upon sale of the property.
It still is not clear to me the amendment being made by the addition of 3.48.450 C 3 and why a residency of ten consecutive years is required.