Real property; effect on rate when assessment results in tax increase, consideration of inflation.
Sponsored By: Joseph P. McNamara (Republican)
In Committee
Summary
Local taxation of real property; effect on rate when assessment results in tax increase; consideration of inflation. Provides that, in determining a locality's total real property tax levies for purposes of determining the rate of levy that the locality shall impose upon such properties in order to produce no more than 101 percent of the previous year's real property tax levies, such real property assessed value shall be reduced by the greater of (i) the change in the United States Average Consumer Price Index for all items, all urban consumers (CPI-U), as published by the Bureau of Labor Statistics for the U.S. Department of Labor, since the fiscal year of the last assessment or (ii) zero.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
Joseph P. McNamara
Republican • House
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Continued from last session
7/21/2026HouseContinued to 2027 in Finance
1/28/2026HouseHouse subcommittee offered
1/27/2026HouseHouse subcommittee offered
1/27/2026HouseSubcommittee recommends continuing to 2028 (Voice Vote)
1/27/2026HouseFiscal Impact statement From TAX (1/18/2026 4:49 pm)
1/18/2026HouseAssigned HFIN sub: Subcommittee #2
1/16/2026HouseReferred to Committee on Finance
12/30/2025HousePrefiled and ordered printed; Offered 01-14-2026 26101665D
12/30/2025House
Bill Text
Substitute
1/27/2026
Introduced
12/30/2025
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