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HB 1146

Homestead property tax freeze.

2026 Regular Session Introduced by Heath VanNatter

HB 1146: Homestead Property Tax Freeze OverviewBill Number: HB 1146 Title: Homestead property tax freeze Status: First reading, referred to Committee on Ways and Means Introduce

First reading: referred to Committee on Ways and Means
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Bill Summary · HB 1146

HB 1146: Homestead Property Tax Freeze

Overview

Bill Number: HB 1146
Title: Homestead property tax freeze
Status: First reading, referred to Committee on Ways and Means
Introduced: November 12, 2024

Purpose and Intent

The primary goal of HB 1146 is to provide property tax relief for homeowners by freezing the assessed value of their homestead properties. This bill aims to protect long-term residents from being priced out of their homes due to rapidly rising property values and the resulting increases in property taxes.

Key Provisions

  • Establishes a "homestead property tax freeze" program for owner-occupied primary residences
  • Prohibits county assessors from increasing the assessed value of a homestead property, even if the market value of the home rises
  • Allows homeowners to apply for the tax freeze program, which would lock in their current assessed value
  • Requires county auditors to maintain the frozen assessed value for as long as the homeowner remains eligible and occupies the property
  • Provides a state-level tax credit to offset any increases in the homestead property's millage rate

Affected Parties and Impacts

  • Homeowners who qualify for and enroll in the homestead tax freeze program would see their property tax bills stabilized, even as home values rise in their neighborhoods
  • County governments may experience reduced property tax revenue growth, which could impact budgets and services
  • Renters and new homebuyers may face higher housing costs as the tax freeze program limits the supply of homes available for sale

Procedural and Timeline Considerations

HB 1146 has been introduced in the state legislature and referred to the Committee on Ways and Means for initial consideration. If approved by the committee, the bill would then proceed to a full floor vote in the House. If passed by the House, the bill would move to the Senate for further review and potential amendments before a final vote. If enacted, the homestead tax freeze program would take effect starting in the next tax year.

Compiled from official sources — confirm details with the bill’s official record.

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