SB167 limits how much the assessed value of owner-occupied single-family homes can increase each year for property tax purposes. Instead of allowing assessments to rise based on full market changes, this bill caps the annual valuation increase to help homeowners' property tax bills grow more predictably.
AI-generated summary
Senate Do Pass Failed, YEAS 11, NAYS 20. S.J. 241
Taxation Do Pass Passed, YEAS 4, NAYS 3. S.J. 5
Taxation Scheduled for hearing
First read in Senate and referred to Senate Taxation S.J. 182
Jack Kolbeck
Prime sponsor · Sen.
R
Trish Ladner
Prime sponsor · Rep.
R
Cosponsors
Do Pass
Taxation — Do Pass