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Tax committee advances bill to ‘smooth’ property appraisals using a 10‑year average
Summary
Lawmakers approved a measure that would base residential/commercial appraisals on a 10‑year Olympic average (drop high/low and average the rest), aiming to reduce year‑to‑year spikes in taxable values. The committee approved the measure 12–9.
The House Taxation Committee approved legislation Monday to change how many properties are appraised for property‑tax purposes by averaging their appraised values over a decade.
Representative Jennifer Espin, sponsor of House Bill 894, told the committee the proposal would reduce the volatility of property-tax bills caused by swings in two‑year…
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