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SB 58 keeps property taxes from rising when homeowners rebuild structures damaged by disasters, casualty, or severe weather.
This helps if you own a home and need to rebuild after a disaster. You won't face higher property taxes just for replacing what you lost.
Protects you from tax increases when rebuilding your home after disasters. Your property taxes stay the same if you rebuild to match what was there before.
Saves you money by preventing property tax hikes when you rebuild after disasters. Only applies if you own your home and rebuild to the same size and quality.
Protects against property tax increases when rebuilding after disasters. Since higher earners often own more valuable homes, this can mean bigger dollar savings.
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