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Sponsor proposes 3‑year rolling average for taxable valuation to blunt year‑to‑year spikes; legal questions remain
Summary
Representative Austin Schauer (testified as Austin Shower) introduced House Bill 15 59 to smooth residential taxable valuation using a three‑year rolling average. Testimony praised the idea as a circuit breaker for sudden valuation spikes; legislative counsel and tax department raised potential constitutional issues.
Representative Austin Schauer presented House Bill 15 59, which would change the way taxable valuation of residential property is calculated by using a rolling three‑year average rather than tying it to a single year’s full market value. "We believe the same strategy can be used in the taxable valuation of residential property," Schauer said, describing the change as a way to "smooth the year by year increase" and blunt large year‑to‑year jumps in individual homeowners’ tax bills.
Levi Bachmeie…
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