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Legislative conference committee narrows property-tax proposal to 4% cap, debates rolling-average removal
Summary
Conferees pressed for a flat 4% property-tax assessment cap starting in 2027, proposed using 2022 as the assessment baseline, and raised implementation and cost concerns about the House's rolling-average approach after consultation with county treasurers and the Property Valuation Division.
A lawmaker on the legislative conference committee said the group wants the property-tax provisions to begin in 2027 and favored a flat 4% assessment cap rather than the House's 7.5% proposal, while proposing 2022 as the baseline assessment year.
The lawmaker said the change should affect assessment values only and "not impact appraisals at all or evaluations at all," adding that the committee did not intend to alter the current appraisal system. "We would like to start that in 2027," the lawmaker said, summarizing the counteroffer.
On the rolling-average approach offered…
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