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Primary Sponsor

Last Action

Ch. SL 2026-82026-06-19

Vote Breakdown

Plain Language Summary

This bill delays the use of new property values from 2026 reappraisals in counties with populations over 15,000 for the 2026-2027 tax year, requiring them to use the previous schedule of values instead. Starting in 2027-2028, counties will use the 2026 reappraisal values going forward. The bill also requires county assessors to pay a $20 examination fee to the Department of Revenue.

Arguments in Favor

• •Supporters argue this bill provides homeowners and businesses time to adjust to potentially significant property tax increases resulting from reappraisals without immediate financial shock.
• •Proponents contend the one-year delay allows taxpayers to plan for higher tax bills and gives counties time to address concerns, while still implementing the new values fairly in subsequent years.

Arguments Against

• •Opponents argue the moratorium delays necessary tax system updates and creates inconsistency in property valuations, potentially causing fiscal uncertainty for county budgets that rely on accurate assessments.
• •Critics contend the one-year delay shifts tax burdens to other taxpayers and may reduce tax revenue counties need for services, while the $20 assessor examination fee represents a minor additional cost that does not offset the larger fiscal impacts.