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Bill would add personal property to levy certification and lower assessment rate to 30%
Summary
Representative McGurl told the Special Committee on Tax Reform that House Bill 629 would include personal property values in the levy-rate certification process and reduce the assessment rate from 33 1/3% to 30%, aiming to smooth a post-pandemic surge in vehicle valuations that produced a temporary windfall for taxing districts.
Representative McGurl presented House Bill 629 to the Special Committee on Tax Reform on Oct. 12, 2025, telling members the measure would do two things: bring personal property values into the levy certification calculation and lower the assessment rate from 33 1/3 percent to 30 percent.
McGurl described the proposal as a fairness adjustment to address a valuation “windfall” that followed the pandemic, when vehicle and other personal property values rose…
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