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Committee amends and advances property‑tax rebalancing bill (HB155)
Summary
The House Taxation Committee adopted an amendment to House Bill 155 modifying residential and commercial property‑tax treatment, then voted 16‑5 to pass the bill as amended; sponsors said the bill rebalances tax burden toward pre‑pandemic shares while opponents warned about net effects once upcoming reappraisals are factored.
During executive action the committee considered House Bill 155 with an amendment (HB155.001.001) offered by Representative Thain that added commercial property to the title, changed how vacant lots and multifamily properties are treated, and replaced a proposed commercial exemption with a tiered lower rate on the first $200,000 of taxable commercial value to…
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