New Bill seeks to Limit Home Appraisal Rates

A new proposal would limit how much a home appraisal could increase each year. The bill would only allow for a home's value to increase by 2% a year.

Supporters say it would keep governments from falsely claiming they're holding taxes steady, when rates stay the same, but appraisals grow.

"It doesn't lower property tax, but it makes it predictable," said Dave Trabert of the Flint Hills center for Public Policy. "The only way you'd have huge increases is if governments are up-front about increasing the mil levy, so this adds a great deal of transparency."

The bill was introduced Monday with 25 co-sponsors.

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