HB3314 - 104th General Assembly (2025-2026)
PROP TX-ASSESSMENT LIMIT
Last Action
3/21/2025 - House: Rule 19(a) / Re-referred to Rules Committee
Statutes Amended In Order of Appearance
Synopsis As Introduced
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.
Actions
| Date | Chamber | Action |
|---|---|---|
| 2/06/2025 | House | Filed with the Clerk by Rep. Rick Ryan |
| 2/18/2025 | House | First Reading |
| 2/18/2025 | House | Referred to Rules Committee |
| 3/11/2025 | House | Assigned to Revenue & Finance Committee |
| 3/12/2025 | House | House Committee Amendment No. 1 Filed with Clerk by Rep. Rick Ryan |
| 3/12/2025 | House | House Committee Amendment No. 1 Referred to Rules Committee |
| 3/13/2025 | House | House Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee |
| 3/13/2025 | House | To Tax Policy: Other Taxes Subcommittee |
| 3/21/2025 | House | Rule 19(a) / Re-referred to Rules Committee |
| 3/21/2025 | House | House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee |