HB4317 - 104th General Assembly (2025-2026)
PROP TX-ASSESSMENT LIMIT
Last Action
1/14/2026 - House: Referred to Rules Committee
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Property Tax Code. Provides that the equalized assessed value of property in a general assessment year, other than long-term ownership property, shall not exceed the equalized assessed value of the property in the immediately preceding general assessment year, increased by the lesser of: (1) 3% of the equalized assessed value of the property for the immediately preceding general assessment year; or (2) the percentage increase, if any, in the Consumer Price Index during the 12-month calendar year preceding the general assessment year for which the property is being reassessed. Provides that the equalized assessed value of long-term ownership property in a general assessment year shall not exceed the equalized assessed value of the property in the immediately preceding general assessment year increased by 2% of the equalized assessed value of the property for the immediately preceding general assessment year. Defines "long-term ownership property". Preempts the power of home rule units to tax. Effective immediately.
Actions
| Date | Chamber | Action |
|---|---|---|
| 1/07/2026 | House | Filed with the Clerk by Rep. Jed Davis |
| 1/14/2026 | House | First Reading |
| 1/14/2026 | House | Referred to Rules Committee |