HB3314Introduced in the House
PROP TX-ASSESSMENT LIMIT
Introduced by Rick Ryan, District 36
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
Amends the Property Tax Code. Provides that the assessed value of residential property in any general assessment year shall not exceed the assessed value of the property in the last general assessment year multiplied by one plus the percentage change in the Consumer Price Index during the 12-month calendar year immediately preceding the general assessment year for which the reassessment is conducted. Provides that the limitation does not apply if the increase in assessment is attributable to an addition, improvement, or modification to the property. Preempts the power of home rule units to tax. Effective immediately.
Where it stands
House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
March 21, 2025
How did lawmakers vote?
No recorded vote is available for this bill yet.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
Bill history
Filed with the Clerk by Rep. Rick Ryan
First Reading
Referred to Rules Committee
Assigned to Revenue & Finance Committee
House Committee Amendment No. 1 Filed with Clerk by Rep. Rick Ryan
House Committee Amendment No. 1 Referred to Rules Committee
House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
To Tax Policy: Other Taxes Subcommittee
Rule 19(a) / Re-referred to Rules Committee
House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
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