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Committee hears HB213 to adjust class 4 property tax multipliers after reappraisals
Summary
Representative Edward Byrne presented HB213 as a narrow cleanup adjusting class 4 residential and small-business multipliers to reflect Department of Revenue calculations and mitigate recent tax shifts; proponents said it would restore some revenue neutrality, while opponents urged caution about county-level impacts and mill-levy floats.
Representative Edward Byrne introduced House Bill 213 as a focused bill to change property-tax multipliers for class 4 residential and small-business property, saying the proposed numbers mirror Department of Revenue calculations and aim to mitigate the large increases homeowners experienced after recent state reappraisals. "This is a very simple bill that adjusts the property tax multiplier from residential and small businesses," Byrne said, adding he was open to amendments.
Proponents included long-time homeowners and local…
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