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Assembly member submits draft urging state review of property tax escalation caps
Summary
Member Soult submitted a draft Assembly resolution asking the Alaska Legislature to study limits on property tax escalation (citing Florida's Save Our Homes cap as an example). The committee discussed timing, legal constraints and related housing policy questions; the draft was set to be considered Feb. 25.
A draft resolution from Assembly Member Soult asking the Alaska state legislature to consider limits on property tax increases was introduced to the Assembly Legislative Committee on Feb. 13, 2025, and read into the record by staff.
The statement read on Soult's behalf said the resolution would "encourage our state legislatures to look at other states for potential options that may limit escalation," and acknowledged Florida's Save Our Homes cap as one example. The draft was described as a request for…
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