limit the annual increase in assessed value of each owner-occupied single-family dwelling.

Summary

The bill would cap the total assessed‑value growth of all owner‑occupied single‑family dwellings in a county at 3% per year, with exceptions for added value from new improvements or reclassifications. It applies to property tax assessments beginning in 2027 and is intended to curb rapid tax increases for homeowners. The measure did not pass and was tabled.

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