Video & Transcript Research : 'property value increase'
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MN
Minnesota 2025-2026 Regular Session
Minnesota House passes omnibus tax package, HF2438 - Part 2 5/17/26
Minnesota House Floor Meeting
Transcript Highlights:
- And that one thing that we needed is to increase the disabled veteran homestead market value exclusion
- They came here and they asked us to increase that due to the fact that properties have increased so much
- They say, "This will increase other individuals' property taxes."
- the disabled veteran homestead increase the disabled veteran homestead market<00:02:59.120>
value - that properties have increased so fact that properties have increased so much<00:03:29.400>
over<
Summary:
The House took House File 2438, the tax bill, from the table and proceeded to third reading on the conference committee report. Representative Olson spoke in support of a disabled veteran homestead market value exclusion increase, arguing that veterans’ organizations had requested the change and that the property tax impact on other taxpayers would be small. He said the bill did not include the increase and urged action next year. Representative Acom thanked the committee for including language to require a thorough, unbiased study of nuclear energy, comparing its life-cycle costs, health and environmental impacts, accident risks, transmission needs, and liabilities against other generation sources, with findings due next year.
Representative Davids also supported the bill, while noting several local projects and provisions that were not included, such as local option sales tax authority for Saint Paul and projects in Blaine, Virginia, Plymouth, and Minnetonka. He thanked Chair Gomez, committee staff, legislative staff, and others involved in the tax process, and said the bill was appropriately named. After discussion, members voted on the conference committee report.
The roll was taken, including remote participation, and the conference committee report on House File 2438 passed with 126 ayes and 8 nays. The bill was repassed as amended by conference, and its title was agreed to.
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:
- The value for customers is increasing.
- 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
TX
Transcript Highlights:
- it is my understanding that the comptroller will issue an estimate of the... property values and that
- That value has been increasing automatically since 2019 every year. hear that when I hear the claim that
- value growth and then obviously property tax relief.
- Districts can compress based on their. own property value growth rate or the statewide average property
- If indeed, in this session, we continue to increase property tax exemption.
TX
Transcript Highlights:
- Uh, if the level of property wealth increases, that automatically causes an increase in tier two funding
- As property values rise in the state of Texas, I, I think the short answer is no.
- Um, as property values rise in the state of Texas, the 1st 2.5% points of total value gain is, is allowed
- Um, and then, of course, property values, and we're going to hear more from LVB if, if any of us stop
- talking long enough, um, about, uh, the property values and, and all the intricacies of that.
NM
New Mexico 2026 Regular Session
House - Taxation and Revenue Feb 11th, 2026 at 08:37 am
House Taxation & Revenue
Transcript Highlights:
- By increasing the value of earned dollars, the credit is an incentive to work and to earn.
- Of those, fully 18% of the properties are unused.
- We appreciate this thoughtful approach by the sponsor that doesn't erode property tax values so we can
- Chair, and kind of clean up those neighborhoods and reinvest and increase the value of those other homes
- of the home, but the value of the area down.
NH
Transcript Highlights:
- In fact, published data shows that an ADU increases the value of the property, and it's important to
- Logic would then suggest that if my property increases in value, that does not mean my neighbor's goes
- <00:17:46.760>
have Property Owners or that values have Property Owners or that values have - the value of the property as a commercially zoned structure.
- That property is still the property size, the amenities of the property, the assessment, the value of
MN
Minnesota 2025-2026 Regular Session
Minnesota House Taxes Committee considers proposed 'wealth tax' 4/7/26
Transcript Highlights:
- With top marginal individual income tax rate of 9.85%, growing property tax liabilities, and increased
- , value of all of a taxpayer's property, value of all of a taxpayer's property, real<00:34:42.040
- With top marginal individual income tax rate of 9.85%, growing property tax liabilities, and increased
- Haevermann uh, discussed how hard it is to value um, people's real uh, property and and the art and all
- Haevermann uh, discussed how hard it is to value um, people's real uh, property and and the art and all
Summary:
The committee heard presentations on two tax bills: House File 4123, by Representative Agbaje, would expand Minnesota’s net investment income tax to include certain business income, especially income from S corporations and LLCs not subject to federal self-employment taxes, while keeping the current rate and million-dollar threshold; she said it would raise an estimated $88.7 million next year. House File 4616, by Chair Gomez, would impose a 1% annual tax on fortunes above $10 million. Gomez framed the bill as a response to growing wealth inequality and argued that wealthy households and large fortunes should contribute more to public services, while Agbaje said her bill would broaden the tax base and help meet state needs.
Public testimony was sharply divided. Supporters, including Nan Madden of the Minnesota Budget Project, Erica Mominee of the Minnesota Association of Professional Employees, Lauren Richards, and teacher Kristen Sinicariello, said the bills would help address wealth and income inequality and provide needed revenue for public health, education, and other public services. They pointed to federal tax cuts for high-income households, cuts to Medicaid and SNAP, and strains on state agencies and schools. Richards said small businesses already pay more than large corporations like Amazon, and Sinicariello argued that higher revenue would support classrooms and help equalize opportunity.
Opponents, including Brian Cook of the Minnesota Chamber of Commerce, Dalton Danielson of the Minnesota Business Partnership, and John Beschi of NFIB Minnesota, warned that both bills would hurt business competitiveness and investment. They argued that HF 4123 would effectively create a new higher tax tier for pass-through businesses and that HF 4616 would be difficult to administer, could force sales of illiquid assets, and could discourage entrepreneurship and capital investment. No votes or final committee action were taken in the portion of the meeting provided; the committee moved through bill presentations and public testimony before member discussion.
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
- Recent revisions to state statute, coupled with increasing interest rates, have resulted in property
- Land banks were created largely in the 1980s as a response to decline in property values.
- values there it decline in property values there it happened<01:17:14.960>
in <01:17:15.120>
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Revenue Jun 21st, 2026 at 10:00 am
Joint Committee on Revenue
Transcript Highlights:
- None of them pay property taxes.
- Oregon has done experiments, but there is increasing interest in it because of the very problem of increased
- I support increasing that funding so many more property owners will be attracted to wanting to invest
- price increase of less than 1%, a nearly imperceptible increase.
- would increase from $3 to $3.22.
Summary:
The hearing opened with remarks from the co-chairs explaining committee procedures, testimony limits, submission instructions, and the new deadlines for acting on House and Senate bills. The committee then heard testimony on several bills related to agriculture, land use, environment, housing, transportation, and taxation, with legislators often taken out of turn. No votes were taken during the hearing.
The first major topic was H. 3206, a bill to allow fossil fuel-free 529 college savings plans to qualify for the state tax deduction if MEFA does not offer a comparable option. Representative Steve Owens said the bill would not force MEFA or Fidelity to change existing plans, but would create a definition for fossil fuel-free funds and extend the deduction to qualifying out-of-state plans. The committee also heard strong local testimony on a Belmont home-rule petition, H. 3970, to change tax treatment for the Belmont Country Club under Chapter 61B. Belmont residents and officials argued the private golf course receives an unfair tax break that shifts costs to other taxpayers, while Senator Brownsberger and Representative Rogers supported the measure as a way to help the town recover revenue. Committee members asked about town meeting support, the club’s lack of payment in lieu of taxes, and the size of the tax savings.
The committee next heard testimony on a vehicle miles traveled tax proposal, S. 1925, from Senator Barrett and economists Gilbert Metcalf and Christopher Knittel. They argued that declining gas-tax revenue and rising fuel efficiency, especially with electric vehicles, require a more stable transportation funding source; they also said a VMT tax could be designed to be revenue-neutral and mildly progressive, though members raised concerns about administration, fairness, EV disincentives, and the possibility of annual tax shocks. The largest block of testimony focused on the Ahead Act, H. 3194/S. 1973, which would double the deed excise fee and dedicate the new revenue to affordable housing and climate adaptation. Supporters from MACDC, MAPC, FICC, Boston Climate Action Network, CLF, 350 Mass, CHAPA, and a tenant advocate said the bill could generate about $300 million annually for housing production, vouchers, weatherization, resilience, and environmental justice communities, and that it links two urgent crises with a stable funding stream.
The committee also heard testimony on the Conservation Land Tax Credit bills, H. 3147/S. 2083, which would raise the annual cap on the credit from $2 million to $5 million for three years and then sunset back down. Conservation groups and a landowner said the program has conserved thousands of acres and that the higher cap would reduce delays and help meet state conservation goals. Finally, the committee took testimony on the Fairness for Farm Workers bills, S. 2011/H. 3107 and S. 2012, which would extend overtime, minimum wage, breaks, and paid time off protections to farm workers and include a refundable tax credit to help farmers offset overtime costs. Senator Gomez and advocates described the bills as overdue civil rights and public health measures, citing low wages, long hours, dangerous conditions, and the racial history behind farm labor exclusions. The hearing also included testimony on H. 3240, a bill to give municipalities a local option vacancy tax on chronically vacant shopping malls, with the sponsor arguing it would help towns address blight, encourage redevelopment, and potentially create housing and tax revenue.
TX
Transcript Highlights:
- the value of the property referred the subcommittee on Property tax appraisals HB 1767 by La Graf relating
- in the appraised value of a real property for tax purposes.
- Taxable value of the property determined by the Comptroller of Public Accounts or for the Committee on
- HB 2124 by Lozano relates to the establishment of property value study hardship grant programmer for
- Value of the district's taxable value of the property determined by the Comptroller of Public Accounts
MN
Transcript Highlights:
- that increases property tax refunds by $80,000.
- That's expected to increase property tax refunds by $130,000.
tax Property that increases property tax Property that increases property tax refunds<00:15:53.839- Uh so if the property value approach.
- <02:01:08.639>
level <02:01:08.880>we property taxes increased at a level we property
TX
Transcript Highlights:
- In Texas, real property theft and fraud has increased exponentially over the last several years.
- The committee substitute for Senate Bill 2063 will very simply prevent the market value of a property
- This would reduce property values. This would reduce property values, possibly substantially.
- challenges without regard to the actual market value of those properties.
- Commercial property owners can use this by protesting equal and uniform, market value, or both.
Summary:
The Senate opened with an invocation by Pastor Tedrick Woods, followed by routine chamber actions including excusing Senator Gutierrez and receiving House messages that the House had passed HB 21 and HB 49. Senators also recognized advocates visiting the gallery on focal segmental glomerulosclerosis awareness and introduced the Doctor of the Day. The chamber adopted several resolutions, including HCR 66, by voice vote.
The Senate then took up and passed a series of measures, often by suspending the regular order and the constitutional three-day rule. Among the bills finally passed were HJR 2, which would prohibit state death taxes; HB 206, limiting counties from requiring cash bonds for pipeline construction; HB 517, barring property owners associations from fining homeowners for discolored vegetation during watering restrictions; HB 2756, requiring TDCJ correctional officers to receive de-escalation and behavioral health training; HB 451, expanding screening for commercial sexual exploitation risk among children in DFPS and TJJD custody; SB 705, cleaning up the air conditioning and refrigeration contractors advisory board; SB 2017, creating an offense for burnouts and wheelies; SB 1858, expanding body armor grant eligibility to ISDs; SB 1400, directing a study on transfer-student outcomes for community college funding; SB 2764, requiring notice to manufactured home buyers about converting homes to real property; SB 748, a licensing cleanup bill on laser hair removal; SB 2519, restricting certain ad valorem tax uses and bonds after amendment; SB 2878, the courts bill with amendments on Brazoria County courts and youth diversion provisions; SB 466, allowing families to request fetal death certificates at any gestational age; SB 1608, requiring timely physical exams for inpatient mental health admissions; SB 1730, limiting civil damages claims arising from certain uses of force or deadly force; SB 2417, clarifying Attorney General antitrust investigation work product and discovery rules; and SB 1946, creating a family violence, criminal homicide prevention task force. The Senate also passed HB 3204, renaming and updating the Polytechnic College at Sam Houston State University, and SB 1986, requiring opioid warning labels.
Several bills drew brief debate or amendments. Senators discussed broader HOA reform while considering HB 517, and SB 2203 on TCEQ discovery procedures was amended to require party motions, set a 15-day expiration for certified issues, and limit hearing abatement. SB 2017 was amended to change the mens rea language from knowingly to intentional. SB 2519 was narrowed by amendment to a forward-looking policy statement separating maintenance-and-operation taxes from debt-service taxes. SB 2878 also received amendments to reduce the number of new Brazoria County courts and add youth diversion and crisis-response provisions. SB 466 prompted a floor debate over whether fetal death certificates are appropriate for pre-20-week losses, with supporters emphasizing family closure and opponents arguing the document has no estate-related purpose. SB 1730 also prompted questions about the relationship between criminal findings and civil liability in self-defense cases. The session concluded with additional House and Senate measures being signed in the presence of the Senate and continued consideration of SB 2177, a grant program to help local law enforcement solve violent and sexual offenses.
NH
New Hampshire 2025 Regular Session
House Municipal and County Government (04/28/2025)
Municipal and County Government
Transcript Highlights:
- value increases, which is really unprecedented, we would be re-evaluating the property faster than every
- As I found out from my research, uh, there's a different increase in value from residential property
- So you're asking about the fact that residential properties have been increasing in value at a much faster
- anticipate your property value to be. anticipate your property value to be.
- property values for local tax purposes. property values for local tax purposes.
TX
Transcript Highlights:
- property or occupants.
- Uh, uh, value to your property because of, uh, they changed the zoning.
- So how do you determine that that fair value and the fair timeline to, you know, to for the property
- Have you all ever been challenged with market value being not appropriate and maybe replacement value
- of the property.
Bills:
HB24
FL
Florida 2025 Regular Session
Finance and Tax Mar 26th, 2025
Transcript Highlights:
- FOOTAGE WITHOUT INCREASING THE ASSESSED VALUE, HOMESTEAD PROPERTY MAY BE INCREASED UP TO 2000 FT.² AND
- DURING HIS ELEVATION WITHOUT INCREASING ASSESSED VALUE, ACCESS POINT STORAGE AREAS AND PARKING WILL
- IN ASSESSED VALUE IS SUBJECT TO SAVE OUR HOMES LIMITATIONS AND FINALLY PROPERTY APPRAISERS MAY REQUIRE
- SO WE INCREASED FROM 1500 TO 2000 FT.².
- IN THE PROPERTY VALUE SO SAY FOR EXAMPLE THERE'S A 4000 FT.² HOME THEN 110% WOULD KICK IN.
WA
Washington 2025-2026 Regular Session
Joint Transportation Committee Dec 3rd, 2025
Joint Transportation Committee
Transcript Highlights:
- You admitted that the areas with the low property tax rates have higher values.
- Basically, what we do is we adjust the expected property value on each individual site with the property
- you could potentially pay less or the same amount as a place with high property values and lower property
- Basically, what we do is we adjust the expected property value on each individual site with the property
- values and lower property value rates.
Summary:
The committee first heard a presentation from WSDOT on balancing uncertainty in capital program estimates and cash flow management. WSDOT explained the differences between design-bid-build and design-build delivery, its tiered risk-assessment process by project size, and how it uses base estimates, inflation, and risk modeling to set budgets. Staff said design-bid-build estimates are generally accurate within about 1% across the program, while design-build projects carry much wider uncertainty and are better communicated as ranges; they cited a P85 budget approach and noted that large, complex projects can be affected by market competition and long procurement timelines. Members asked about the Columbia River Bridge cost growth and about value engineering, and WSDOT said it uses value engineering but has limited scope to cut costs because of project requirements and policy mandates. Troy Swing also discussed cash flow, noting that a few large projects can significantly affect biennial funding needs, and said a risk pool would not reduce overall program risk but could help manage timing if paired with appropriation and cash-flow controls.
The committee then received the final presentation in the WSDOT Project Delivery and Innovative Practices study from HKA Global. The consultant said WSDOT’s estimating practices are generally robust and recommended improving transparency by presenting budget authorizations as ranges or estimate classes, better tracking estimate growth over time, and adjusting advertisement timing to avoid competing lettings. The report also discussed surety bonding, suggesting the legislature consider restoring authority for reduced bonding on select large design-build projects or using phased bonding and alternative securities. On indefinite delivery/indefinite quantity contracting, the consultant said current job order contract rules are restrictive and recommended legislative changes to make such tools more usable, especially for smaller tasks and to help use unspent funds more flexibly.
The committee also heard a follow-up presentation on transit-oriented development policy recommendations tied to HB 1491. The Urban Institute’s Yona Freemark said Washington has been a national leader on TOD but that housing construction, especially in the Puget Sound, has slowed sharply since 2022. He said rising construction costs, high financing costs, and local tax and rent conditions are making many TOD projects infeasible, and recommended that the state fill infrastructure funding gaps around stations, revisit MFTE affordability requirements, consider minimum rather than average density requirements near transit, and create a statewide system to track TOD outcomes such as affordability, gentrification, and transit access. Members questioned the study’s developer interviews, the role of rent control and crime, property tax assumptions, and parking needs; the presenter said the study included five private developers, that rent control was not part of the study scope, and that parking was included in the model assumptions.
Finally, the committee began a presentation on regulating emissions from ocean-going vessels at berth. Staff and consultants described California-style at-berth rules, which require shore power or equivalent emissions controls so ships can shut off diesel auxiliary engines while docked. The study is examining vessel traffic, emissions reductions, implementation costs, labor and operational needs, and possible effects on port competitiveness and cargo diversion. No votes or formal actions were taken during the meeting.
MN
TX
Transcript Highlights:
- tax, if the level of property. that automatically causes an increase in Tier 2 funding. the base bill
- It ended up that property taxes were far less, property values were far less because of the homestead
- And then, of course, property values, and we're going to hear more from LVAC. if any of us stopped talking
- long enough, about the property values and all the the intricacies of that.
- But in Austin, instead of the projected 6% growth in property value, TCAT is now estimating it's 1%,
MN
Minnesota 2025-2026 Regular Session
House Housing Finance and Policy Committee 3/24/26
Housing Finance and Policy
Transcript Highlights:
- In these cases, home buyers are paying twice: increasing local property taxes and unnecessary HOA dues
- In these cases, home buyers are paying twice: increasing local property taxes and unnecessary HOA dues
- In these cases, home buyers are paying twice: increasing local property taxes and unnecessary HOA dues
- In these cases, home buyers are paying twice: increasing local property taxes and unnecessary HOA dues
- Their value is only going to increase as they increase land rents.
Keywords:
HF4234, Minnesota private activity bonds, tax-exempt bonds, bond cap, aggregate bond limitation, residential rental projects, multifamily housing, affordable housing finance, housing bonds, public finance, bond allocation, private activity bond cap, Minnesota Statutes 474A.02, tax committee, natural gas, gas hookups, residential construction, energy policy, local control, state preemption
MN
Minnesota 2025-2026 Regular Session
Capping Property Taxes to Increase Affordability – Senator Michael Kreun Mar 13th, 2026
Minnesota Senate Floor Meeting
Transcript Highlights:
- So no more surprise 7, 10, 15% increases on your property tax bill.
- Beyond half% increase on property taxes.
- 7 10 15% increases on your property tax 7 10 15% increases on your property tax bill.<00:03:12.879
- of their property value before their<00:05:03.440>
their <00:05:03.840>property <00:05: - And so when these property taxes increase 10 or 15%, their take-home pay is certainly not increasing
Summary:
The discussion focused on Minnesota affordability pressures, especially rising property taxes, gas, and grocery costs. Senator Michael Kreun said property taxes rose by nearly $1 billion statewide in the last year, about 7%, and argued that many constituents are worried about being able to stay in their homes. He attributed much of the increase to unfunded state mandates on cities and counties and said mandate relief should be part of the solution.
Kreun described a bill that would cap city and county property tax growth at the rate of inflation, with an additional allowance tied to population growth. Under his example, if inflation were 3% and a city grew, property taxes could rise 3.5%; anything above that would require voter approval through a referendum. He said the proposal would not apply to school districts, which already have a separate cap. He also mentioned other relief ideas, including increasing the disabled veterans property tax exemption and allowing seniors to defer property tax increases until they sell their homes.
Kreun said the proposal has been mostly well received by constituents and homeowners, while local governments are concerned about losing revenue if state mandates continue. He said relief could begin as soon as the next property tax statement if the bill passes this year. He also noted broader affordability ideas in his caucus, including eliminating taxes on tips and overtime and reducing tab fees, but said he was not aware of current bipartisan efforts on property taxes specifically and remained open to working across the aisle on affordability measures.