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Committee debates property‑tax lid proposals; 3% cap added but a motion to advance one lid bill fails on a tie; House bill with protest‑petition language moves
Summary
The Senate Assessment and Taxation Committee debated Senate Bill 280, a proposal to require elector approval for property‑tax increases above annual inflation beginning Jan. 1, 2026, and considered related amendments and a House bill addressing similar tax limits.
The Senate Assessment and Taxation Committee considered a set of proposals and amendments aimed at limiting property‑tax increases. Senate Bill 280 would require that, on and after Jan. 1, 2026, any taxing entity obtain elector approval to increase its total property tax levy by more than the annual rate of inflation as measured by the Consumer Price Index for All Urban Consumers (CPI‑U), with specified exclusions for the 20‑mill local and 1.5‑mill state levies.
Committee staff Amelia explained the bill and the CPI‑U reference. Senator Corson offered an amendment to exclude increased property‑tax revenue used to repay bonds, temporary notes, no‑fund warrants, state infrastructure loans, interest payments,…
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