SB1305: Local taxes; change to zoning ordinances, etc.

Legislative Summary

Local taxes; zoning; assessments; ordinances. Provides that for purposes of real estate subject to a special tax assessment for land preservation by local ordinance, a change to the zoning ordinance shall only be effective following the later of (i) the approval of the relevant modification in the zoning classification of real estate; (ii) the exhaustion of the challenge or appeal period; (iii) if pending, the final determination of any challenge or appeal made within such period; or (iv) the sale of the subject property.The bill also provides that for purposes of subdivided or rezoned lots, the assessment or reassessment required by law shall only be effective following the later of (a) the approval of a modification in the zoning classification of the subject real estate, an exception to zoning or classification of the subject real estate, or a reclassification of the subject real estate; (b) the exhaustion of the challenge or appeal period for such approvals; (c) if pending, the final determination of any such challenge or appeal made within such period; or (d) the sale of the subject property.Finally, the bill provides that changes to the zoning ordinance refers to such ordinances enacted after December 1, 2023.