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House advances bill to slow annual local property-tax revenue growth to 2.5%
Summary
House Bill 12 35 passed the House on Feb. 25, 2025. The measure reduces the cap on annual increases in property-tax revenues for local taxing districts from 3% (or inflation) to 2.5% (or inflation), excluding certain school funding components.
The House on Feb. 25 approved House Bill 12 35, which reduces the allowable annual increase in property-tax revenue for taxing districts from 3% (or inflation, whichever is less) to 2.5% (or inflation, whichever is less).
Representative Mike Jamieson, the sponsor, said the bill is meant to address rising property-tax burdens by asking taxing districts to limit revenue growth. "This bill sends a direct message to all taxing districts that are impacting our…
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