H.B. 161: Property Tax Modifications

What the bill does

Did not pass both chambers; the bill was filed on March 6, 2026.

This bill modifies the property tax exemption for primary residential property.

• Contingent on passage of a proposed constitutional amendment, increases the percentage of the fair market value of primarily residential property that is exempt from property tax

The description and list come from the bill's own long title as recorded by the Legislature. Read the official bill. The Ledger takes no position on it.

Subjects: Property Tax · Property Tax Relief · State Tax Commission · Revenue and Taxation · Local Taxation and Fees

How it moved

1. January 20, 2026 · House1st reading (Introduced)Rules Committee
2. January 30, 2026 · Houseto standing committeeRevenue and Taxation Committee
3. March 2, 2026 · HouseHouse Comm - Recommends Returned to RulesRevenue and Taxation Committee
4. March 6, 2026 · Housefiledfile for bills not passed

Steps as the Legislature recorded them; clerical and fiscal-staff entries are left out. Numbers such as 54-14-7 are yeas, nays and absent.

Fiscal note

From the Legislative Fiscal Analyst's note on H.B. 161, dated January 16, 2026. A fiscal note estimates direct costs and revenue; it is not an appropriation.

• State revenue: Enactment of this legislation likely will not materially impact state revenue.
• State expenditures: Enactment of this legislation likely will not materially impact state expenditures.
• Local government: Enactment of this legislation likely will not result in direct, measurable costs for local governments.
• Individuals and businesses: Enactment of this legislation could reduce the tax liability of primary residential property owners and increase the tax liability of all other property owners by increasing the primary residential exemption. This may decrease property taxes on a $500,000 home by about $400 per year and increase taxes on a $1 million business or secondary property by about $1,600 per year on average statewide.

Bill overview

Sponsor: Jill Koford

Legislature passed-list status: Not available in the saved metadata.

Passed-list membership is not a finding that a bill was signed or took effect. A bill absent from that list is not necessarily pending or defeated.

Latest recorded action

filed
Action date: March 6, 2026

The full step list is above. Find the bill in the official session list for status, hearings and committee records.

Recorded floor votes

No floor-vote records for this bill and session are available here. This does not mean no vote occurred; consult the official bill record.

Ledger coverage

No Ledger stories with an explicit source link to this bill and session are listed here.