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Council reviews House Bill 1176: property‑tax relief and levy caps draw mixed views
Summary
City staff briefed council members on House Bill 1176, a broad property‑tax reform proposal that would create a $1,450 primary-residence tax credit, require new assessment notifications, and limit local property‑tax revenue growth with a 3% cap and limited carryover; council members expressed concern about home‑rule implications.
City staff briefed the Committee of the Whole Monday on House Bill 1176, a wide-ranging property‑tax bill that would change assessment notices, create a larger primary‑residence credit and introduce a 3% cap on property‑tax budgets with limited carryover.
Mr. Burnstrom, presenting the legislative update, described the bill as “property tax reform” and said it contains multiple provisions including changes to homestead tax credit rules, assessment notices and levy caps. Under the version discussed at the meeting, the bill would…
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