Relating to Property Tax; amending the cap on the assessed value of real property

Also relevant to:Homeowner

Where it is in the process

Plain-English Summary

This bill changes how much the assessed value of real property can increase each year for property tax purposes. Instead of a flat seven percent cap, the increase would be tied to the Consumer Price Index. These changes would affect property owners and apply retroactively to October 1, 2024.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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