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House panel holds property-tax cap bill after testimony on bond ratings and local control
Summary
HB 484, which would cap annual property-tax levy increases by local taxing entities at 5% unless voters approve a larger increase, was held in committee after testimony raising bond-rating, timing, and local-control concerns; statewide officials and local elected leaders offered opposing views.
The House Revenue & Taxation Committee took up HB 484 Feb. 19, a proposal by Representative Kristofferson to cap annual increases in local property-tax levies at 5% and require voter approval for larger jumps. After more than two hours of debate and public testimony, the committee voted to hold the bill for further consideration.
Sponsor rationale: Representative Kristofferson framed the bill as a consumer-protection measure aimed at reducing sudden, steep property-tax increases that can hit households on fixed incomes. He described the cap as a balance — allowing modest annual increases while requiring voter…
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