H.B. 484: Property Tax Changes

What the bill does

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

This bill amends the processes by which a taxing entity may increase the taxing entity's property tax revenue.

• Limits the total amount of additional property tax revenue a taxing entity may obtain through the truth-in-taxation process
• Requires a taxing entity to obtain voter approval to exceed the limit on total additional property tax revenue
• Provides the requirements for submitting a question to voters for approval and the effect of receiving voter approval
• Eliminates the hold harmless period for state guaranteed funding related to a reduction in a school district's certified tax rate
• Makes technical and conforming changes

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: Voting and Voter Registration · Property Tax · Revenue and Taxation · Local Taxation and Fees · School Districts · Truth in Taxation

How it moved

1. February 4, 2026 · House1st reading (Introduced)Rules Committee
2. February 18, 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. 484, dated February 14, 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 could cost the Tax Commission $130,200 ongoing from the Income Tax Fund beginning in FY 2027 for one full-time equivalent position to manage the additional workload, and $18,200 one-time from the Income Tax Fund in FY 2027 for system updates.
• Local government: Enactment of this legislation could limit future property tax increases to 5% year-over-year absent a vote of the people. The value of future forgone tax revenue is unknowable, but had this bill been in effect for 2005, if no entities seeking a greater than 5% increase to property tax revenues succeeded at election, the maximum possible forgone revenue would have been $1.
• Individuals and businesses: Enactment of this legislation could limit future property tax increases to 5% year-over-year absent a vote of the people. The value of future avoided tax increases is unknowable, but had this bill been in effect for 2005, and no entities seeking a greater than 5% increase to property tax revenues succeeded at election, the bill would have avoided $1.

Bill overview

Sponsor: Kay J. Christofferson

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.