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Committee on Taxation approves amendment swapping SCR 16-03 for House measure on property valuation
Summary
The Committee on Taxation voted to pass SCR 16-03 as amended to replace its language with the House committee version of HCR 50-11, a proposed constitutional amendment that would change how taxable value is calculated and appear on the Nov. 4, 2025, ballot if advanced.
The Committee on Taxation voted to pass SCR 16-03 as amended, replacing the resolution's text with the House committee version of HCR 50-11, a proposed constitutional amendment to change how taxable value is calculated for many property types if approved by voters on Nov. 4, 2025.
Committee staff member Eddie Severs told the committee that the House committee version of HCR 50-11 would put a constitutional amendment on the Nov. 4, 2025, ballot that would set a property's taxable value as "the lesser of the fair market value of the property" or "the average of the fair market value as defined…
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