HF 444 — A bill for an act relating to property assessment and property taxation by creating a recreational class of real property for golf courses.

Bill Text

• Introduced View text Current pdf

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill creates a new classification of recreational property for golf courses, establishing specific assessment rates for taxation purposes.

• Section 441.21

  For valuations established for the assessment year beginning January 1, 2026, and each assessment year thereafter, recreational property shall be valued as a separate class of property and shall be assessed at seventy-five percent of its actual value.

  This establishes a new assessment class for golf courses, setting their taxable value at 75% of actual value.

• Section 441.21

  Recreational property is subject to reassessment by the assessor and is subject to the same equalization percentage amount determined by the director of revenue pursuant to section 441.49 as is ordered for commercial property.

  This ensures that recreational properties like golf courses will undergo reassessment and follow the same rules as commercial properties.

• Section 441.21

  For purposes of this subsection, "recreational property" means a golf course, if such property is operated as a commercial enterprise and otherwise subject to taxation.

  This defines recreational property specifically as golf courses operated commercially for taxation purposes.

Action History

1. February 18, 2025

   Introduced, referred to Economic Growth and Technology.

Sponsors

• Sean Bagniewski · Primary
• Ross Wilburn · Primary
• Timi M. Brown-Powers · Primary
• Brian Meyer · Primary
• Dr. Megan L. Srinivas · Primary
• Aime Wichtendahl · Primary
• Jerome Amos Jr. · Primary

Subjects