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Proposed constitutional amendment to cap assessed-value increases fails in House after heated debate
Summary
The House rejected STR6003, a conference committee constitutional amendment that would limit assessed-valuation increases (described as a 9% cap reducible by statute and with an implementation date discussed for Jan. 1, 2027); the House vote was 59-63, failing to reach the required constitutional majority.
Representative Adam Smith presented the conference committee report on STR6003, a proposed constitutional amendment to limit assessed-valuation increases year-to-year instead of using a rolling average.
Smith said the conference language removes the rolling average and sets a year-to-year limit on assessed…
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