SB 102 (2021)
Postpone property reappraisals, add property tax breaks for "revitalization zones" and renewable energy
This is an omnibus bill related to property taxes and affordable housing. First, this bill postpones assessment reviews and reappraisals of property by one year "due to the COVID-19 pandemic and the economic concerns throughout the state." The Senate amended the bill to remove this part. Second, this bill establishes a local option for property tax breaks in "Residential Property Revitalization Zones." Lastly, this bill allows towns and cities to adopt a property tax credit for small renewable energy facilities and energy storage systems.