(Developing: Will be updated as warranted)
As the 2026 legislative session nears an end, House and Senate tax negotiators on Friday tentatively agreed on a deal capping increases in the assessed value of property as the Legislature seeks to limit property tax hikes.
The House dropped its proposal that would have capped appraised values based on a six-year rolling average or a 7.5% increase, whichever was less.
It agreed to a Senate proposal to cap assessed values at 9% or less compared to the assessed value for property in 2024. An earlier Senate proposal would have used 2022 . . .
SSJ
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