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Lawmakers consider automatic cap on year-to-year property-tax increases for homeowners; amendment to extend benefit to renters withdrawn
Summary
Representative Sam Myers presented House File 403 to create a property-tax credit that would limit a homeowner's year-to-year tax increase to no more than 8% after an initial county application.
Representative Sam Myers told the committee House File 403 is designed to provide targeted property-tax relief for homeowners—particularly seniors—who face steep year‑to‑year increases in property tax bills.
"Under this bill, the homeowner would make an initial application to the county to receive the [credit]," Myers said. He explained the mechanism: once a homeowner has applied, the credit would automatically limit an owner's tax increase to no more than 8% of the prior year when an annual tax increase exceeded that threshold.
Chair Gomez…
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