Require a multiyear smoothing of class 3 and 4 property tax reappraisal cycles

This bill (LC 2797) proposed changing how property tax reassessments are scheduled for certain commercial and agricultural properties (classified as "Class 3 and 4"). It aimed to replace annual reassessments with a multiyear "smoothing" approach, spreading out the reassessment of properties over several years instead of all at once. This would have directly affected property owners in those classifications by altering how frequently their tax values could change. The bill was drafted in late 2024 but died in committee in May 2025 without becoming law.