Transcript Highlights:

• A staff appraiser from the Department evaluated the property based on its contributory value, which was
• A staff appraiser from the Department evaluated the property based on its contributory value, which was
• A staff appraiser from the Department evaluated the property based on its contributory value, which was
• based on its contributive the property based on its contributive contributory<00:41:52.000> value
• > and<00:47:08.319> so properties or leasing properties and so properties or leasing properties

Keywords: 928, house, all

Summary: The Long Range Capital Planning and Utilization Committee met in organizational session and first elected Representative John Cluder as clerk. A nomination of Senator Mark Makoni as vice chair was made but not voted on because he was absent; it was carried over to the next meeting. The committee also reviewed its guidelines and procedures, including how it handles property-disposal requests, late items, and informational materials, and then approved the November 12, 2024 minutes with one abstention from a member who had been absent. The committee then considered several state property and lease requests. It approved a 50-year, $1-per-year ground lease for about 5.66 acres at Berlin Regional Airport in Milan for a New Hampshire Army National Guard hangar/support facility, after hearing that the project is federally funded, intended for training and search-and-rescue support, and would have no permanent full-time staffing. The committee also approved a 30-year lease for the Department of Justice to move the chief medical examiner’s offices, morgue, and autopsy suite to 279 Pleasant Street in Concord, with testimony that the current Concord Hospital space is inadequate and that the new site would double body-storage capacity. Several Department of Safety and Department of Transportation property items were approved as well. Safety received approval for a 10-year lease, with renewal options, for the State Police aircraft hangar at 91 Airport Road in Concord. Transportation was authorized to continue disposal efforts for remnant parcels in Concord, Conway, Lisbon, Effingham, and Mount Vernon, with testimony explaining market conditions, appraisals, access limits, and easements; members asked questions about access and buildability, but each item was approved. During the Berlin lease item, the committee was told the FAA objects to any lease longer than 50 years at that airport, so the request was revised from 55 years to 50 years on the record before approval.

Transcript Highlights:

• on January 1st is the market value of the property.
• If the owner purchases the property, the purchase price of the property is considered the market value
• Increases in that appraised value of the property for subsequent tax years based on the inflation rate
• on January 1st is the market value of the property.
• If the owner purchased the property, the purchase price of the property is considered the market value

Keywords: 1184, house, all

Transcript Highlights:

• resial property. resial property. equipment. equipment. equipment.
• properties doing some of this work. properties doing some of this work.
• What happens if you're doing landscaping on commercial property or industrial property?
• raising property taxes? raising property taxes?
• property taxes to subsidize property property taxes to subsidize property taxes<05:59:16.080>

Keywords: 1189, house, all

Transcript Highlights:

• It will at all times be based on whatever the property values are.
• So regardless of whether you were a town that has high property value or low property value, you're going
• <00:20:18.720> value, property value or low property value, property value or low property
• a half% of your property value. a half% of your property value.
• <01:30:46.560> a uh the property value um I'll mention a uh the property value um I'll mention

Keywords: 1189, house, all

Transcript Highlights:

• So that is... ...property used for industrial purposes means those properties valued under Wyoming Statute
• Uh, the first topic of the day for today is commercial property assessed values.
• > valued<00:33:46.159> uh Do are commercial properties valued uh Do are commercial properties
• or the value the worth of the property or the value of<00:34:41.520> the<00:34:41.760> property
• three approaches to value to value these properties.

Keywords: 916, all

Transcript Highlights:

• <01:11:29.679> go property go property go down?
• Thank you. number of dollars local property tax." number of dollars local property tax."
• And so, by and large, the local property taxes put a higher value on the generators than the state has
• is a utility property and what property is not a utility property. copies.
• purposes of property tax assessments. purposes of property tax assessments.

Keywords: 928, house, all

Summary: The committee held a work session on HB 302, which would add precious metals and digital assets as potential investment options. State Treasurer Monica Misipelli said she took no position on the bill and did not see an immediate fiscal impact or operational problem, but explained that the state’s operating funds and rainy day fund require liquidity and stability, so they would not be suitable for volatile assets like precious metals or digital assets. She said the only funds that might potentially use such investments would be certain trust funds held in perpetuity, which are managed by an outside investment advisor under a contract and investment policy. Members asked about the treasurer’s current investment practices, including the types of funds managed, the role and discretion of the investment advisor, the state’s risk profile, and whether the bill would affect existing authority. Misipelli said the office follows RSA 11 and related statutes, with different objectives ranging from conservative to aggressive depending on the fund, and that the advisor meets with the office regularly, with formal performance reviews on a quarterly basis. She also said the office recently centralized management of about 40 trust accounts totaling roughly $60 million into five combined portfolios under a five-year contract with an RFP-selected vendor. When asked whether precious metals or digital assets are already indirectly available through mutual funds, she said that was possible for some mutual funds, but she was not certain about digital assets. Representative Ammon, the bill’s sponsor, said similar legislation had passed the Oklahoma House, the Texas House and Senate, and had advanced in Arizona. He argued the bill was intended to give the treasurer more tools to help balance portfolios and hedge inflation, noting concerns about federal debt and inflation. No vote was taken in the excerpt, and the chair ended the questioning after thanking the treasurer and asking her to remain available in case further questions arose.

Transcript Highlights:

• property or occupants.
• Uh, uh, value to your property because of, uh, they changed the zoning.
• So how do you determine that that fair value and the fair timeline to, you know, to for the property
• Have you all ever been challenged with market value being not appropriate and maybe replacement value
• of the property.

Bills: HB24

Keywords: groundwater, conservation, water permits, sustainability, resource management

Transcript Highlights:

• Uh, the property value line, the first line there is showing the property value at the end of the year
• there is showing the the property line there is showing the the property value<01:31:31.920> at
• :04.560> the<01:32:04.800> property property value, I'm sorry, the property property value
• > at token and the value of the property at token and the value of the property at the<01:51:35.679
• on the value of individual properties. properties. properties.

Keywords: 1189, house, all

Summary: The meeting began with roll call and approval of the prior meeting minutes, which passed unanimously. Members then introduced the day’s presentations, including one on the Canton network and another on tokenizing real-world assets, with a focus on how blockchain systems can support regulated financial institutions and asset tokenization. Julie, the director of policy and government affairs at Digital Asset, presented on the Canton network, describing it as a privacy-enabled public blockchain designed for regulated finance. She said tokenization should preserve the same legal and economic rights as the underlying asset, and argued that blockchain-based books and records can shorten settlement times, improve 24/7 trading, and reduce friction in capital markets. She identified three main barriers to institutional adoption of public blockchains: lack of privacy, limited throughput/scalability, and lack of control for compliance purposes such as freezing assets, pausing transactions, and meeting AML/sanctions obligations. She explained Canton’s structure as a public, permissionless network with application-level privacy controls, a global synchronizer, and super validators chosen by vote. She also highlighted current ecosystem participants and use cases, including Broadridge, Circle, and the DTCC’s planned tokenization of U.S. Treasuries on the network. Members and online participants asked about the relationship between tokenized assets and the Clarity Act, tokenized deposits, safeguards for faster settlement, and whether the platform could be used for municipal or property records. Julie said Digital Asset was not taking a position on rewards, but supported clearer statutory definitions because tokenized securities should carry the same rights as the underlying assets and investors need to know whether a token is a true tokenized security or a synthetic/reference token. She said the company is agnostic on whether the cash leg is stablecoins or tokenized deposits, though it expects both to develop. In response to concerns about rapid settlement, she pointed to institution-level permissions and SEC disclosure expectations as safeguards. She also said the technology could be used for other records, including potentially property-related records, if those assets can be tokenized.

Transcript Highlights:

• the property on January 1st is the market value of the property and that if the owner purchased the
• property, the purchase price of the property is considered by to be the market value of the property
• January 1st is the market value of the property and that if the owner purchased the property, the purchase
• price of the property is considered to be the market value of the property for that tax year and to
• limit the increases of the appraised value of the property for subsequent tax years based on inflation

Transcript Highlights:

• We talked about property taxes.
• That's not the direction we want to be going. property tax increases. property tax increases.
• <00:15:05.360> tax<00:15:05.720> increases property tax increases property tax increases
• mandates and put these caps on property mandates and put these caps on property tax<00:15:48.600
• So this would be just property taxes.

Keywords: 1187, senate, all

Summary: Minnesota Senate Republicans held a press conference unveiling a package of affordability and tax-relief bills aimed at property taxes, taxes on tips and overtime, and vehicle registration costs. Leader Mark Johnson said the proposals were meant to counter rising costs for wages, homeownership, and driving, and argued that Democrats’ policies had made life more expensive. Several senators echoed that theme, saying Minnesotans need immediate relief and that the state has room to act because of a reported surplus. Senator Michael Kunesh described a property-tax cap bill that would limit increases for cities and counties to inflation plus 50% of population growth, with higher increases requiring voter approval. He said constituents, including seniors, a disabled veteran, and young people, are seeing unsustainable property-tax hikes, and he argued that state and federal mandates have driven local costs. In response to a question about added county workload from federal SNAP and Medicaid changes, he said the solution is both to pause new mandates and to cap property-tax growth. Senator Karin Housley outlined a proposal to end state taxes on tips and overtime, with deductions up to $25,000 for tips and $12,500 for overtime, phased out at $150,000 for individuals and $300,000 for families. She said the measure would help workers keep more of what they earn and would not cost small businesses directly. Senator John Jasinski proposed rolling back vehicle registration tab fees to pre-2023 levels, saying Minnesota’s fees are far higher than neighboring states and that the change would save drivers money over time. Senator Julia Coleman also supported the package, saying the bills would provide practical relief for families facing high housing, driving, and work-related costs. No votes were taken; the event ended with questions from reporters about fiscal impacts, offsets, and whether the proposals would worsen the state’s structural budget imbalance.

Transcript Highlights:

• You had mentioned the property values, like, for example, Long Island, the Hudson Valley, the property
• You had mentioned the property values, like, for example, Long Island, the Hudson Valley, the property
• You had mentioned the property values, like, for example, Long Island, the Hudson Valley, the property
• values, the absolute opposite is true: homes that have solar panels on them have higher property values
• HIGHER PROPERTY VALUES, BECAUSE FOLKS HAVE A CHEAPER COST OF LIVING BECAUSE THEY ARE GENERATING THEIR

Keywords: 993, senate, all

Summary: The Senate opened with prayer, the Pledge of Allegiance, and several guest introductions, including students from Brooklyn and St. John’s University, followed by adoption of the resolution calendar with exceptions for two items. The chamber then took up a series of previously adopted resolutions recognizing Black Maternal Health Week, Workplace Violence Prevention Month, the one-year anniversary of the Jet Set nightclub tragedy in the Dominican Republic, New York Constitution Day, and the Month of the Military Child. Senators speaking on the maternal health resolution emphasized racial disparities in maternal mortality and the need for culturally competent care; the workplace violence resolution highlighted hospital safety programs; the Jet Set resolution was adopted in memory of the victims; and the Constitution Day speech reviewed New York’s delayed but eventual support for independence in 1776. The military child resolution stressed the sacrifices of military families and support for children of service members. All of these resolutions were adopted, and the resolutions were opened to co-sponsorship. The Senate then moved through the third reading calendar, passing several bills and laying others aside. Measures passed included bills on public health, environmental conservation, executive law, public authorities, and consumer protection. One notable debate involved a bill to require transparency from private arbitration organizations handling consumer cases; supporters argued it would provide basic public data and guard against conflicts of interest, while opponents said it would burden a useful dispute-resolution process and intrude on privacy. The bill passed after debate. Another debated bill would phase out number 4 heating oil statewide; supporters said cleaner alternatives exist and the fuel is harmful to public health, while opponents raised cost and transition concerns, especially for colder regions. That bill also passed. The chamber also considered a bill to create a rebate program for battery-powered landscaping equipment, funded through utility-related mechanisms administered by NYSERDA. Supporters said it would reduce air and noise pollution and help companies transition, while opponents argued ratepayers should not subsidize landscaping equipment. The bill passed after being restored to the non-controversial calendar. Finally, the Senate began discussion of a housing-related bill aimed at preserving manufactured home parks by enabling nonprofits or municipalities to acquire development rights and keep the land dedicated to that use, with the sponsor explaining that the goal is to protect affordable housing and help residents remain in their homes.

Transcript Highlights:

• All other property can have its assessed value increased by up to 10% each year.
• Because you're not addressing a property tax issue, you're addressing a property value issue.
• Are private property values going to double again?
• It costs $15, but it will force a human to look at the value of your property.
• They are effectively treated as a sale, and the property appraiser can reset the value of the property

Transcript Highlights:

• These include surplus properties, tax title properties, underutilized properties, and other publicly
• We came to find out that most surplus property, most tax title property, and most properties that governments
• So the value of...
• So the value of land banks is to provide tools that really help us strategically redevelop properties
• to real property.

Summary: The committee met for work sessions on land banking/shared homeownership and on maximizing existing housing stock. Members first heard an overview from Commerce on alternative homeownership models, including community land trusts, limited equity cooperatives, condominiums, accessory dwelling units, middle housing, church land for housing, and public land transfers. The discussion focused on how these models can help households build equity while keeping housing permanently affordable. Committee members asked about statewide counts of co-ops and land trusts, and Commerce said it does not track all of those entities directly. Pierce County staff then described the Pierce County Community Development Corporation’s rapid acquisition fund and its role in acquiring, holding, and transferring public land for affordable housing. They said the county used general fund and affordable housing sales tax dollars to buy properties, preserve a manufactured home park through resident ownership, and create a pipeline of sites for future development. Members asked about the advantages of a public development authority, funding sources, the use of surplus and underutilized public property, and how the model works with housing authorities. Spokane land bank staff followed with testimony that land banks can reduce blight, preserve affordability, and help nonprofits acquire land quickly, but that holding costs and taxes can make the work harder without state support. They also described brownfield assessments, donated properties, and work on Black homeownership and public surplus properties. The committee then heard from the Northwest Cooperative Development Center on limited equity cooperatives, especially in manufactured housing communities. The witness said Washington now has about 43 limited equity co-ops and that recent subsidy funding and legislation have accelerated resident purchases of manufactured home communities. Members asked how residents benefit from capped equity, how values are affected, and whether the model improves access to lending; the witness said the model stabilizes costs, allows modest equity gains, and that a recent law allowing manufactured homes in co-ops to be titled as real property should improve access to traditional financing. The committee also discussed House Bill 1974 from the prior session and possible updates to land banking legislation. In the second work session on maximizing existing housing stock, Commerce reviewed recent housing laws and implementation timelines, including ADUs, middle housing, condo liability reform, SEPA changes, tiny homes, and co-living. Members raised concerns about the long implementation horizon, vacancy data, corporate ownership of homes, and the need for better support for small landlords and first-time ADU owners. Sightline then testified on mobile dwelling units, arguing that RVs, tiny houses on wheels, and similar units are a low-cost, quick-to-install housing option that is often blocked by zoning; the witness said many Washington residents already live in these units, often informally. Finally, AARP discussed housing options for older adults, including ADUs, missing middle, manufactured home communities, co-living, universal design, and village-style support models, emphasizing aging in place and the need for more accessible, affordable housing choices.

Transcript Highlights:

• We thought property taxes were too high.
• Uh, they're seeing their property taxes for schools, their school property taxes, uh, go down 45 to 50%
• To eliminate school property taxes.
• but you have local property taxes.
• Property taxes and the first, you know, and we control remember the state controls the school property

Transcript Highlights:

• > classif-<00:08:16.560> property qualif- uh classif- property qualif- uh classif- property
• properties' market value from higher tiers and class rates to lower ones, which also reduces their net
• with a disability and away from homestead resort property and on to all other properties.
• not shift property tax burden onto other property taxpayers.
• onto other property taxpayers. onto other property taxpayers.

Keywords: 1187, senate, all

Transcript Highlights:

• Without intervention, this tax shift would contribute to a cycle of blight, reducing property values
• strain property values Place additional strain property values Place additional strain on<00:
• tax reducing property values and shift tax reducing property values and shift tax burdens<00:09:
• values rise tax with activity property values rise tax revenues<00:12:01.600> grow<00:12:02.200
• <00:18:39.840> values<00:18:40.159> are as as these downtown property values are as

Keywords: 1183, house

Transcript Highlights:

• When you acquire, when the community acquires the properties, how are the properties valued? Mr.
• how do you acquire that property for the pre-flood value?
• I guess my question is, are you assuming the full value of the property before it was damaged by the
• Or are you valuing the property as is after the damage by the flood? Mr.
• Chairman, we will be valuing properties of pre-flood condition.

Keywords: 996, all

Transcript Highlights:

• > can<02:13:31.119> grow property value, this imbalance can grow property value, this imbalance
• That's roughly 8% of our town's total assessed property value.
• That's roughly 8% of our town's total assessed property value.
• That property is valued slightly more than $4 million.
• That property is valued conquered.

Keywords: 1189, house, all

Transcript Highlights:

• The main issue is the concern about property that is high value, that's front-lake, you know, lakefront
• property that would be affected in the value of their residences.
• The main issue is the concern of the property that is high value, that's front lake, you know, lakefront
• property that would be affected in the value of their residents. that would be affected in the value
• You are the property owner. You have to own the property. Ms.

Keywords: 965, house, all

Transcript Highlights:

• We shouldn't be assessing the property in order to tax the property until it can come under use.
• That's when it's a value.
• They might not be able to use the property.
• So we do change the value there.
• property as it is January 1st of the year.

Keywords: 959, house, all