H.B. 485: Property Tax Revenue Increase Amendments
2026 General Session · Originating chamber: House
What the bill does
Did not pass both chambers; the bill was filed on March 6, 2026.
This bill modifies provisions relating to property tax new growth increases.
- Limits how much revenue a taxing entity receives from new growth
- Makes technical and conforming changes
How it moved
- · House1st reading (Introduced)
- · Housefiled
Fiscal note
- State revenue: Restricted Accounts (FN Only) Enactment of this legislation could decrease the state basic rate by $34.4 million ongoing beginning in FY 2027, using 2025 as a baseline. 2026 values and revenues have not been established.
- State expenditures: Restricted Accounts (FN Only) Enactment of this legislation could decrease the state basic rate by $34.4 million ongoing beginning in FY 2027, using 2025 as a baseline. 2026 values and revenues have not been established. This would increase the Income Tax Fund expenditures for education in a like amount.
- Local government: Enactment of this legislation could decrease local property tax revenue by $93 million statewide, using 2025 as a baseline. 2026 values and revenues have not been established. As new growth revenues form part of the revenue target in future years, tax rates could also be lower going forward.
- Individuals and businesses: Enactment of this legislation could save individuals and businesses approximately $127.4 million in property taxes in aggregate, using 2025 as a baseline. 2026 values and revenues have not been established.
Bill overview
Sponsor: Tiara Auxier
Legislature passed-list status: Not available in the saved metadata.
Latest recorded action
filed
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.