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Senate lays over property-tax cap measure after senators raise fiscal, local-control concerns
Summary
Senate Bill 87, a proposal allowing counties to cap primary-residence tax liability increases at 5% per reassessment cycle, drew lengthy debate on local revenue impacts and school funding; the bill was laid over for further consideration.
Senate Bill 87, a measure that would allow counties to authorize a property-tax cap limiting primary-residence tax-liability increases to 5% per reassessment cycle, drew sustained floor discussion March 3 and was ultimately laid over for further work.
Sponsor and opponents agreed on the bill's aim: reduce sudden tax jumps homeowners said were forcing long-term residents, particularly seniors, from their homes. Senators also said the bill differs from the earlier Senate Bill 190 because it does not freeze liability and is optional: counties would decide whether to adopt it.
But senators pressed the sponsor over fiscal consequences. The Senate's fiscal figures varied by…
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