HB1253

The amendment adds a new definition of "Olympic average" (removing highest and lowest values before averaging), clarifies that small structural additions of 40 percent or less don't reset the assessment period, and renumbers several code sections. This NARROWS the bill's scope by carving out an exception for minor home additions, preventing them from triggering a full reassessment period reset.

This amendment fundamentally rewrites the bill from a complex "Olympic average" methodology using eight years of historical assessed values into a simpler cap-based approach that limits annual increases to five percent for owner-occupied homes and nonagricultural property, with full revaluations required every fifth year. The change NARROWS the bill's scope and WEAKENS protections against assessment increases by replacing a multi-year averaging system with a straightforward annual growth ceiling, and the bill is flagged as having been "extensively amended (hoghoused)" and no longer consistent with the sponsor's original intention.