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Representative Paulett proposes raising property tax revenue growth limit to reflect population and inflation; bill draws broad support and opposition at House‑

2260837 · February 11, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

House Bill 13‑34 would change the revenue growth limit on state and local property taxes to a formula tied to population growth plus inflation (capped at 103%); sponsors said the change is needed to fund schools and local services, while opponents called for spending reforms and warned about higher property tax burdens.

House Bill 13‑34, sponsored by Representative Jerry Paulett, would replace the current 1% annual revenue growth limit on regular state and local property taxes with a new limit factor equal to 100% plus population change plus inflation, capped at 103% (effectively allowing up to 3% growth when population and inflation are not greater than that cap). Committee staff presented preliminary revenue impact estimates and the prime sponsor framed the bill as necessary to meet the state’s constitutional duty to fully fund basic education and to provide local governments with resources to sustain critical services.

Staff described substantial estimated revenue impacts: approximately $200 million to state general fund revenue in the first biennium and $618 million in the…

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