Video & Transcript Research : 'property values'
Page 83 of 500
FL
Florida 2026 5th Special Session
Appropriations Jun 1st, 2026
Transcript Highlights:
- Interesting to note is that our fiscal year '27 property value is only estimated to increase a little
- I want to say this: it is disproportionate because of the limited property values.
- We, it is disproportionate because of the limited property values.
- And incomes, property values, yes, they have increased.
- And incomes, property values, yes, they have increased. But this would be devastating.
Summary:
The Committee on Appropriations took up SJR 2-F, a proposed constitutional amendment to reduce property taxes by lowering assessment caps on non-homestead property, expanding homestead exemptions over time, and allowing local governments to increase exemptions further. The sponsor argued the measure would provide broad property tax relief while requiring revenues to be directed to core services such as public safety, education, infrastructure, and natural resource projects, with a trust fund intended to help local governments transition. Senators raised concerns about the lack of a fiscal score, the effect on counties, cities, school districts, and special districts, and whether the proposal would shift costs to fees or other taxes.
Several amendments were debated. Senator Polsky’s amendment to explicitly authorize user fees and non-ad valorem assessments to offset lost property tax revenue failed. Senator Avila’s amendment broadening permissible uses of ad valorem revenue to include county constitutional officers and other expenditures approved by local governing bodies was adopted after debate over whether the bill would otherwise underfund essential functions. Senator Smith’s sunset amendment, which would have made the constitutional changes expire after five years, failed. Senator Smith’s amendment to allow tourism development tax revenue to support public safety and education also failed. Senator Graal’s amendment removing the constitutional trust fund language was adopted, with supporters arguing the Constitution should not promise an unfunded account.
Additional late-file amendments were considered. Senator Berman’s proposal to change the ballot title to more neutrally describe the measure as affecting property taxes and local community service reductions failed. Senator Trumbull’s amendment removing school board ad valorem taxes from the proposal was adopted, preserving school taxes. Senator Smith’s amendment narrowing the non-homestead assessment cap reduction to small businesses only failed. The committee then returned to the bill as amended and continued questioning the sponsor about eligibility, fiscal impacts, and whether the proposal could lead to local governments offsetting lost revenue through special assessments or other charges.
NH
Transcript Highlights:
- on the assessed value of the property. on the assessed value of the property.
- What is the assessed value of your property? My property?
- And this would work to limit what the value of that property is.
- You can preserve property values, or you can preserve community.
- :26:46.000>
you <02:26:46.160>can preserve property values or you can preserve property
Summary:
The committee heard testimony on House Bill 1596, which would raise New Hampshire’s cigarette excise tax from $1.78 per pack to about $2.80, using an inflation-based adjustment since the rate was last set in 2008. Representative Jerry Stringham, the bill’s sponsor, said the measure would keep New Hampshire competitive with neighboring states, generate revenue, and help offset other budget pressures. He also described the bill as repealing an income-based premium charge in Medicaid/CHIP-related programs and restoring cuts to the University System of New Hampshire, arguing that the combined package would still leave the state in a positive fiscal position. He said the tobacco tax increase would likely have some cessation effect but would remain low relative to other New England states, and he cited prior testimony from health groups supporting a larger increase.
Members questioned the sponsor about how the new rate was calculated, the prior tobacco tax reduction and restoration, whether tobacco companies would absorb or pass on the tax, and the fiscal note’s estimates for Medicaid premium revenue and UNH funding. Stringham said he used Bureau of Labor Statistics inflation data, that the earlier 10-cent reduction did not produce the expected sales increase, and that the current bill would eliminate the premium charges now in the budget. He later clarified that the Department of Medicaid Services had updated the revenue estimate, but said the bill still showed a surplus overall. He also said the federal government already imposes a $1-per-pack tax and that New Hampshire would remain below neighboring states even after the increase.
Two public witnesses testified in opposition to the tax increase. Anna Bettincourt, a tobacco category manager, argued that higher tobacco taxes would unfairly target smokers, reduce New Hampshire’s tax advantage, and likely shift purchases to other states or illicit markets rather than reduce use. She said tobacco companies generally do not lower prices and that Massachusetts’ flavor restrictions had not eliminated sales. In response to questions, she maintained that a smaller increase would still be harmful and that enforcement problems make bans ineffective. The sponsor and some members countered that smokers impose higher health costs and that tobacco taxes are a policy tool for both revenue and public health. No vote or final committee action was taken in the portion of the meeting provided.
MN
Transcript Highlights:
- because their tax capacity and market value in homestead and other property classes is depressed.
- value in Homestead and other property value in Homestead and other property classes<00:23:18.039
- Land banks were created largely in the 1980s as a response to decline in property values.
- <01:17:12.880>
values <01:17:13.840>there <01:17:14.480>it decline in property - values there it decline in property values there it happened<01:17:14.960>
in <01:17:15.120>
FL
Transcript Highlights:
- We have captured the value of property increases over the years, and that is how we have paid for inflation
- Interesting to note is that our fiscal year 27 property value is only estimated to increase a little
- I want to say this: it is disproportionate because of the limited property values.
- And incomes, property values, yes, they have increased.
- And incomes, property values, yes, they have increased. But this would be devastating.
MN
Minnesota 2025-2026 Regular Session
Committee on State and Local Government - 03/06/25
State and Local Government
Transcript Highlights:
- paid a fraction of what the original value was.
- paid a fraction of what the original value was.
- paid a fraction of what the original value was.
- paid a fraction of what the original value was.
- the original value the original value was<00:47:46.240>
so <00:47:46.480>Mr was so
TX
Transcript Highlights:
- As a reminder, a district's tier one property tax rate is reduced by a district's property value growth
- So higher values will lead... ...is reduced by a district's property value growth.
- So higher values will lead to higher property tax relief.
- It was, and rising property values.
- value, property tax relief.
Bills:
SB 1
Keywords:
campground safety, youth camp regulations, flood safety, emergency evacuation, health and safety standards
Summary:
The Senate Finance Committee convened for its first hearing of the 89th regular session, confirmed a quorum, adopted committee rules by a 15-0 vote, and began review of Senate Bill 1, the state budget for fiscal years 2026-27. Chair Huffman outlined the committee’s organization, introduced staff, and described the budget as conservative and focused on one-time investments. She highlighted major SB 1 priorities including property tax relief, full funding for public education formulas, teacher pay, school safety, border security, Medicaid growth, dementia research, energy and water infrastructure, transportation, wildfire suppression, and other capital and public safety needs.
Comptroller Glenn Hager presented the biennial revenue estimate, saying the state has $194.6 billion available for general-purpose spending in 2026-27, with a projected $23.8 billion ending balance from the current biennium. He cautioned that revenue growth is returning to more normal levels and that lawmakers should avoid committing short-term surpluses to ongoing expenses. He also explained that the Economic Stabilization Fund is projected to hit its constitutional cap, meaning an estimated $5.6 billion in severance tax and related revenue would remain in general revenue in the upcoming biennium rather than flow into the fund. Senators discussed whether to raise or rename the fund and the implications of keeping more severance-tax revenue in general revenue.
The Legislative Budget Board then gave an overview of SB 1 and the budget’s major funding changes. LBB staff explained that the bill is essentially flat at $332.9 billion in all funds, but includes large method-of-finance shifts and major property tax relief. They detailed how prior property tax relief enacted in the 88th Legislature grew from an estimated $18 billion to $22.7 billion because of higher property values and hold-harmless provisions, and said SB 1 continues that relief with a total of $51 billion in ongoing and new property tax support. Members asked extensive questions about the automatic growth in school tax compression, the constitutional homestead exemption, COVID-era federal funding, Medicaid assumptions, and the sunset of the non-homestead circuit breaker. No additional votes or final budget actions were taken beyond adoption of the committee rules.
NM
New Mexico 2026 Regular Session
House - Energy, Environment and Natural Resources Feb 10th, 2026 at 08:32 am
House Energy, Environment & Natural Resources
Transcript Highlights:
- Okay, so typically property taxes are set at the current and correct value of the property.
- tax the value of the property.
- the actual value of the property.
- Okay, so you can value property based on the fair market value, you can value property based on income
- So the benefit here is that you're, the value of the property, So the benefit here is that the value
OK
Transcript Highlights:
- This bill addresses the front end of the property tax equation, where property fair cash value is determined
- And when this property changes hands, it resets at what that fair cash value is, right?
- Increase in value we're seeing at 2%.
- I did the back-of-the-napkin math for a property that is $100,000 in value, which is fairly common in
- So a home that has a taxable value of $100,000 is assessed value at $11,000, and that's what the tax
VT
Vermont 2025-2026 Regular Session
House Caucus of the Whole - Act 73 Overview - 2026-01-16 - 12:00PM
Vermont House Floor Meeting
Transcript Highlights:
- Unlike a property tax credit where you have the full liability on the house site value that you're paying
- Unlike a property tax credit where you have the full liability on the house site value that you're paying
- or double what you do other properties or double what you do other properties?
- Essentially, it exempts a certain portion of a claimant's houseite value from the homestead property
- value. And it's tiered based on income. value. And it's tiered based on income.
Summary:
The meeting was a high-level walkthrough of Act 73, with staff from Legislative Council and the Joint Fiscal Office summarizing major education policy, governance, tax, and fiscal changes. The presentation covered class-size minimums and related enforcement, creation of a state aid for school construction program, narrowed tuition eligibility for approved independent schools, changes to State Board of Education appointments, special education reporting and staffing, and a new report on standards for schools deemed small or sparse by necessity. It also noted that some provisions take effect immediately or in 2025, while the major funding and tax changes are contingent on new school districts being operational and a foundation formula report being received, with most of those changes targeted for July 1, 2028.
The central fiscal change described was a move from the current locally voted budget and varying homestead tax system to a foundation formula. Under that model, districts would receive an educational opportunity payment based on a base amount per pupil, adjusted by student weights for factors such as pre-K, economic disadvantage, English learner status, and special education, with small-school and sparsity weights replaced by support grants. Districts could still seek limited supplemental district spending above the foundation amount, subject to a cap and a uniform method for raising the funds, with excess collections recaptured at the state level. The presenters also described transition mechanisms to phase in the new system over several years.
The tax section explained that Act 73 would replace the current property tax credit with a homestead exemption and create a new non-homestead residential classification intended for second homes and short-term rentals, though further statutory or regulatory work would still be needed to implement it. The JFO presentation emphasized that the act also creates regional assessment districts for reappraisals and includes a transition to smooth changes in education tax rates. No committee vote or formal action was taken during the presentation; it was informational only.
MN
Transcript Highlights:
- Should property values in the city of South St.
- Should property values in the city of South St.
- And we know on the tax committee the value of commercial property.
- Should property values in the city of South St.
- And we know on the tax committee the value of commercial property.
AL
Transcript Highlights:
- The aggregate value as equalized by the Department of Revenue of all taxable property located within
- Value of the equalized<03:53:40.399>
property <03:53:40.800>is <03:53:41.040>in - equalized by taxable of the total value equalized by taxable property<03:53:56.319>
within <03 - tax year's equalized value of all taxable property in the district.
- Not property values and tax revenues. B.
Summary:
The meeting included a Senate recognition ceremony honoring the Winona High School boys basketball team for winning the 2026 Alabama High School Athletic Association 5A state championship. A resolution was read commending the team for its 101-40 victory over Silicag, noting the team’s record-setting performance, Brendan Davis’s MVP honor, the contributions of other players, and Coach Cedric Lane’s leadership. Senators and the lieutenant governor praised the players’ sportsmanship, the school community, and the team’s historic season, and copies of the resolution were presented to the team, coaches, and administrators. Several guests and school representatives also spoke briefly, including the coach and principal, who thanked the Senate and noted the team’s success and the principal’s retirement after 35 years.
After the recognition, the Senate returned to session and adopted the Committee on Rules report setting the special order calendar. The calendar included Senate Bill 99 on the Ten Commandments, Senate Bill 298 on Class 3 municipalities, House Bill 381 on camp safety, Senate Bill 370 on tax increment districts, Senate Bill 363 on the Department of Economic and Community Affairs, House Bill 466 on firefighters, House Bill 95 on elections, House Bill 259 on stablecoin, and Senate Bill 342 on education.
The chamber then took up SB 99, sponsored by Senators Kelly and Sessions. Senator Kelly described the bill as requiring local school boards to display the Ten Commandments, together with founding documents such as the Declaration of Independence, Constitution, Bill of Rights, and Alabama Constitution preamble, in certain history classrooms and common areas for grades five through 12, using donated displays and funds when available. He said the bill was intended as a historical and educational measure, not religious instruction, and emphasized the inclusion of a disclaimer stating Alabama is not establishing a religion. After extended debate and a petition to close debate from the Rules Committee, the Senate voted on the bill by long roll and passed SB 99, with the recorded vote announced as 30 yeas and 4 nays.
FL
Florida 2026 5th Special Session
Community Affairs Mar 11th, 2025
Transcript Highlights:
- of reassessing the value of the homestead property.
- Portions of property exceeding 110% or 2,000 square feet will be assessed at just value.
- After the elevation of the property, the change in assessed value is subject to our to save our homes
- Portions of property exceeding 110% or 2,000 square feet will be assessed at just value.
- After the elevation of the property, the change of the assessed value is subject to our to save our homes
Summary:
The Committee on Community Affairs met and took up a long agenda of bills, beginning with SB 262 on trust law technical changes. Senator Berman explained four clarifications involving trust decanting, successor trustee actions, ademption by satisfaction, and homestead/community trust definitions; a technical amendment was adopted and the bill was reported favorably. The committee also approved SJR 174 and SB 176, which together would prevent certain homestead tax assessment increases when owners elevate flood-prone homes, and SB 180, a hurricane preparedness and response bill that included a strike-all amendment addressing FEMA reimbursement, mutual aid, hazard mitigation, and post-disaster rebuilding issues. Supporters from emergency management, beaches, counties, and local business groups testified in favor of SB 180, and it was reported favorably.
Members then approved SB 608, which renames the Gulf of Mexico to the Gulf of America in Florida statutes, despite questions about cost and an appearance in opposition. SB 1002, dealing with utility service restrictions and local government limits on energy-related policies, drew opposition from Earthjustice and Florida for All over possible unintended consequences and fossil-fuel favoritism, but was still reported favorably. SB 466 on the Florida Museum of Black History generated extensive testimony, with strong support from St. Augustine, Florida Memorial University, pastors, local officials, and the museum foundation for locating the museum in St. Johns County; one witness argued for Eatonville instead, but the bill was reported favorably.
The committee also passed SB 1128 on building permits for single-family dwellings after an amendment clarified local zoning review and added insurance and liability protections for design professionals. SB 582, increasing penalties for unlawful demolition of historic buildings and structures, was reported favorably with support from preservation advocates. SB 1202, extending family health insurance premium benefits to firefighters permanently disabled during training exercises, also passed without opposition. Finally, SB 1242 on community redevelopment agencies prompted the most debate: supporters argued CRAs can be valuable tools for affordable housing and redevelopment, while opponents warned the bill would effectively end all CRAs by 2045 and block new projects; after extensive discussion, the bill was reported favorably. At the end, senators recorded additional votes on several tabs, and the committee adjourned.
FL
Florida 2026 5th Special Session
Rules Feb 17th, 2026
Transcript Highlights:
- When you say affect property values, you mean make them go up?
- When you say affect property values, you mean make them go up?
- values.
- I can see the harm in depressing or blighting an area or discounting the value of property.
- There's no harm in property values going up.
Summary:
The committee took up a long agenda of retained bills and several new measures, with most receiving favorable reports after amendments. Major debate centered on CS/SB 706, which preempts airport naming to the state and designates Palm Beach International Airport as the Donald J. Trump International Airport subject to FAA and trademark-related conditions. Senator Jones offered amendments to avoid private royalty benefits, but both failed. Senators Berman, Osgood, Jones, and Pizzo spoke against the bill, raising concerns about naming an airport after a sitting president, lack of local input, and ethical issues; Senator Mayfield defended the bill as cost-free to the airport and noted the naming agreement. The committee ultimately voted the bill favorably. The committee also approved CS/SB 546 on conservation land notice requirements and CS/SB 1014 on municipal utility service to properties outside city limits, both with amendments and some opposition from the Florida League of Cities on the utility bill.
Several other bills were heard and reported favorably with little controversy. CS/SB 1500 would streamline uncontested probate proceedings; SB 962 would exclude farms and farm operations from certain zoning definitions tied to affordable housing preemption; CS/SB 820 would strengthen reporting for problem-solving courts; SB 840 would revise portions of last year’s hurricane-related land-use law to narrow its scope and sunset temporary restrictions; and SB 856 would require online property listings to show estimated ad valorem taxes, with an amendment excluding social media platforms and broadening liability protections. SB 110 would clarify homestead exemption eligibility for 98-year or longer residential leases. SB 394 would exempt certain underwriting managers handling limited facultative reinsurance from licensure requirements, and SB 434 would prevent wind-hardening improvements from increasing assessed value for residential property tax purposes.
The committee also advanced several public-safety and transparency measures. CS/CS/SB 658 and 608, a combined water-safety bill, would require safety features for rental properties with pools or nearby water bodies and authorize DBPR enforcement; supporters framed it as a response to Florida’s high child-drowning rates, and Airbnb waived in support. SB 748 would place constitutional language on restoration of voting rights on sentencing score sheets, with broad support from voting-rights and civil-rights groups. CS/SB 824 would require annual reporting of unimproved school-district land inventories, and CS/SB 848 would create a framework for off-site stormwater treatment and related credits, with support from builders and mitigation bankers. The committee also heard CS/SB 1036 on school counselors, which clarifies certification requirements and performance criteria after a delete-all amendment.
OK
Oklahoma 2026 Regular Session
Appropriations and Budget Transportation Subcommittee Feb 16th, 2026 at 10:30 am
A&B Transportation Subcommittee
Transcript Highlights:
- fair market value or the amount needed for the owner to buy a comparable replacement property.
- That this would be, because when you purchase property, you have...
- We certainly want to give the citizens fair value for their property, but this is more than fair value
- The other right-of-way in particular is an individual's property.
- Because, well, first of all, if they even have the property available, comparable property, that's always
NM
New Mexico 2025 Regular Session
IC - Land Grant Sep 8th, 2025
House Rural Development, Land Grants And Cultural Affairs
Transcript Highlights:
- of properties.
- to pay property tax.
- versus being compared to higher-valued properties.
- They are being compared to properties in other parts of the county where there may be higher values.
- of, you know, the 20, 25 value.
CA
California 2025-2026 Regular Session
Assembly Revenue and Taxation Committee Jun 29th, 2026
Revenue and Taxation
Transcript Highlights:
- value, and provides clear definitions for useful life and fair market value.
- market value as required under California law.
- Finally, California already has a strong framework for valuing complex property.
- that is inconsistent with California property tax system.
- This bill is not simply about individual properties.
MN
Minnesota 2025-2026 Regular Session
Preferential scoring for housing projects in communities with land trusts 3/10/26
Minnesota House Floor Meeting
Transcript Highlights:
- As neighborhoods grow and property values increase, lower- and middle-class income households are often
- <00:01:38.960>
of through the housing market and value of through the housing market and value - As neighborhoods grow and property As neighborhoods grow and property values<00:01:49.520>
increase - The other portion of the increase in value stays with the property and keeps that home permanently affordable
- That amount has typically and property.
FL
Florida 2026 4th Special Session
January 22, 2026 - 08:00 AM
Transcript Highlights:
- The fact we have tied local governments to an arbitrary value like the value of the homes has created
- They went through the amount of property tax.
- Nobody wants property taxes.
- Property insurance is tripling and doubling.
- These are counties that have home values.
FL
Transcript Highlights:
- eliminate property taxes.
- property tax relief.
- Interesting to note is that our fiscal year 27 property value is only estimated to increase a little
- I want to say this: it is disproportionate because of the limited property values.
- Our population's gone up 35% since 2021, and incomes and property values, yes, they have increased.
Summary:
The Committee on Appropriations took up SJR 2-F, the proposed constitutional amendment on property tax relief, which would reduce assessment growth on non-homestead property, expand homestead exemptions, create a new exemption for new homesteaders, and direct counties, cities, and school districts to use property tax revenues for specified core services. Senator Avila presented the measure as the governor’s plan to provide historic relief and argued that local governments should tighten budgets and prioritize core functions. Senators raised concerns about the lack of fiscal scoring, the breadth and ambiguity of the permitted uses, the effect on special districts and local services, and whether the proposal would shift costs to fees or other taxes. The committee adopted several amendments, including Avila’s amendment clarifying that ad valorem revenues could be used for county and municipal operations and administration and other expenditures not prohibited by law, and Trumbull’s amendment removing school board ad valorem taxes from the proposal. Other amendments failed, including proposals to allow user fees and non-ad valorem assessments, add a sunset, redirect tourism development taxes, narrow the small-business provision, and change the ballot title to reference local service reductions. Grall’s amendment removing the constitutional trust fund requirement was adopted, while the committee also rejected Berman’s title-change amendment and Smith’s sunset and tourism-tax amendments. The committee then returned to the bill as amended for questions, including extended debate over whether the proposal would affect noncitizen residents, the impact on local government finances, and whether local governments would respond with higher fees or special assessments. The meeting ended with the bill still under discussion after the final round of questions, with Avila saying he would continue working with the governor’s office on the language before the next vote.
NY
Transcript Highlights:
- Typically, a bona fide purchaser for value down the line has always been protected.
- And now you're leaving potentially a person who paid value without their home.
- And now that person is a bona fide purchaser for value.
- But I never get the property back under current law, and you're changing that.
- I would solve Jackson property. You're right if we paired those two bills together.
Summary:
The committee considered a series of bills, with most advancing to the floor after brief discussion. Senate Bill 4238 on fraudulent conveyances drew the most substantive debate; one member raised concerns that the bill could upset protections for bona fide purchasers and lenders by automatically returning property to the original owner without adequately addressing downstream parties. The chair said those concerns would be shared with the sponsor, and the bill was held for further discussion rather than moved immediately.
Several other measures were reported favorably, including bills granting immunity to businesses and nonprofits when crime victims seek help on their premises, extending filing timeframes for certain toxic-substance exposure claims, restricting certain homeowners association activities, regulating real estate listing agreements, creating a private right of action for deed theft, enacting the Clock Stop Act, addressing companion animals in domestic relations cases, repealing Judiciary Law section 470, extending certain mechanics liens, and waiving biannual attorney registration fees for public-service attorneys. The attorney fee-waiver bill received especially strong support from members, though one member noted the loss of registration-fee revenue and the bill was reported to finance.
The committee also discussed a bill to increase the number of family court judges in certain counties. Members generally supported adding judges but questioned why only specific counties were included, suggesting the need for a broader, data-driven review of caseloads and county needs. The sponsor and members expressed willingness to continue working on the issue, and the bill was reported to finance. The meeting concluded with notice that one final committee meeting would be held the following week.