First reading: referred to Committee on Ways and Means
Summary
The bill would lock in the amount of property tax a homeowner owes on their primary residence, using the tax amount from the year they acquired the home. Owners who bought before Jan. 1 2026 would keep the 2026 tax level, while those who bought later would pay the lower of the tax at purchase or the lowest tax after purchase, with limited extra charges for physical improvements. The purpose is to shield homeowners from rising tax bills.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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