Passed One ChamberFiled Jan 16, 2026
Sponsor: Parajón, Cristina
Latest Action
Action Postponed Indefinitely (session adjourned sine die)
Feb 19, 2026
Summary
The bill caps how much a residential property's assessed value can rise each year—either 103% of the prior year’s value or 106.1% of the value two years earlier. It applies to homeowners statewide, but the cap does not apply after a sale, a zoning change, or certain improvements (except solar systems). The goal is to slow tax growth while still allowing market‑driven reassessments in specific situations.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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