Momentum is building around the need for limits on local revenue growth. ITR has long advocated for a 2% property tax cap, and that idea is now central to the property tax debate.

The Senate, Governor, and House proposals share common goals but take different approaches, including caps on local government revenue growth, changes to assessment practices, shifts in school funding, limits on TIF, and varying mixes of exemptions, freezes, and tax base adjustments.

The House proposal stands out by prioritizing transparency and structural restraint, improving property tax disclosure statements, and avoiding targeted exemptions or freezes for specific groups, reflecting a broader debate over how to provide relief while minimizing unintended consequences.

Below is a table comparing the proposals:

For additional context on the goals behind the governor, House, and Senate plans, read ITR Foundation’s full analysis here.