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IN HB1146

Bill

Official Source

Status

Introduced

1/5/2026

Primary Sponsor

Heath VanNatter

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Freezes property tax liability on an individual's homestead at the amount owed when they acquired ownership interest in the property
  • Homeowners who acquired their property before January 1, 2026 have taxes frozen at the 2026 calendar year liability amount
  • Homeowners acquiring property after December 31, 2025 pay the lesser of the initial year's tax liability or the lowest subsequent year's liability
  • Physical changes to the homestead that increase assessed value will result in additional property tax liability beyond the frozen amount
  • Effective July 1, 2026, applying to property taxes first due and payable beginning in calendar year 2027

Legislative Description

Homestead property tax freeze.

Last Action

First reading: referred to Committee on Ways and Means

1/5/2026

Committee Referrals

Ways and Means1/5/2026

Full Bill Text

No bill text available