UPDATED: House developing soft cap on property tax appraisals

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Property tax by Nick Youngson CC BY-SA 3.0 Pix4free

(Updated to include comment from Senate president)

House Republicans are crafting a response to a constitutional amendment capping property tax appraisals that was passed by the Senate on Thursday.

The proposal being written by House Republicans would impose a softer cap than the one established by the Senate proposal.

The Senate's amendment capped property tax appraisals at 3% for tax purposes starting with property values when compared to tax year 2022.

The new House proposal would limit appraisal increases for residential property to a rolling . . .

SSJ

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