Legislative conference committee narrows property-tax proposal to 4% cap, debates rolling-average removal
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.
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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.
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