This bill limits how much the assessed value of owner-occupied homes can increase each year for property tax purposes. By capping this growth, homeowners would see slower increases in their property tax bills even if their home's market value rises significantly. The specific growth limit and how it applies would be detailed in the bill's implementation section.
This bill does not directly amend codified state law.
State Affairs Tabled Passed, YEAS 10, NAYS 0.
State Affairs Scheduled for hearing
House of Representatives Referred to House State Affairs H.J. 213
First Reading House H.J. 199
State Affairs
Prime sponsor · Rep
State Affairs — Tabled