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The Frame

What this does

If passed, this change would limit tax assessment growth for property owners during periods when their property's market value is declining, potentially lowering tax bills for those whose property values have fallen.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Homestead property owners

Their property tax assessments would be capped if market values decline.

Non-homestead residential property owners

Their property tax assessments (excluding school levies) would be capped if market values decline.

Non-residential real property owners

Their property tax assessments (excluding school levies) would be capped if market values decline.

What changed

Last recorded activity March 13, 2026.

What's next

Introduced.

Summary

This bill would prevent property tax assessments from increasing if the market value of the property has dropped since the previous year. It applies to homestead properties, non-homestead residential properties, and certain non-residential real estate.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

Does this bill lower my property taxes immediately?
No. The bill only prevents the assessed value from increasing if the market value of your property has decreased compared to the previous year. It does not automatically lower taxes if market values remain stable or increase.
Does this apply to my business property?
It applies to certain non-residential real property, but the protections do not apply to school district tax levies.
Is this law currently in effect?
No. The bill died in committee on March 13, 2026, and was also contingent on the passage of a separate constitutional amendment.

Why It Matters

If passed, this change would limit tax assessment growth for property owners during periods when their property's market value is declining, potentially lowering tax bills for those whose property values have fallen.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Sponsors

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift100% confidence

Contingent Legislation

The bill is explicitly tied to a constitutional amendment, indicating that the legislature viewed this change as requiring constitutional authority rather than simple statutory change.

Connected Entities

Sources

Open source document

openstates.org

Analysis Score

0–100
  • Significance65
    How much this matters to a regular citizen
  • Controversy40
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz10
    Current news / social attention level

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