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LR 12CA

Constitutional amendment to impose a limit on ad valorem taxes for real property, provide a new method of valuing real property for tax purposes, provide certain exceptions, and eliminate conflicting constitutional provisions

109th Legislature (2025-2026) Introduced by Bob Andersen and 1 co-sponsor

Bill 5 SummaryMain Purpose and Intent:- LR 12CA proposes a constitutional amendment to limit ad valorem (property) taxes on real property to 1.5% of the full cash value, and to lim

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