WA SJR8210

Proposes a constitutional amendment to Article VII limiting annual increases in assessed property values to the lesser of 1% or inflation, starting from a baseline of January 1, 2027

Resets the assessed value baseline to true and fair market value upon a change in property ownership, with the 1% or inflation cap applying thereafter

Allows assessed values to increase by the full fair value of new construction and property improvements in the year they are completed

Requires voter approval at the next general election; if passed, applies to property taxes levied for collection beginning in 2028

Directs the Secretary of State to publish notice of the amendment at least four times in every legal newspaper during the four weeks before the election