B 260777: Revenue Stabilization and Land Value Assessment Amendment Act of 2026
B 260777 status: In Committee — Referred to Committee of the Whole (updated Sep 22, 2026).
What this bill does
Overall score
Bill summary
OfficialThis bill changes how the District calculates property taxes. Instead of focusing mainly on the buildings, the city wants to focus more on the value of the **land itself**. The goal is to make the city’s tax income more steady and predictable, so it doesn't fluctuate as much when the economy changes....
Key analysis
Impact analysis
Environment
Benefits
- Encourages efficient land use
- Reduces incentives for urban sprawl
Risks
- May increase pressure for teardowns
- Could reduce incentive to preserve low-density green space
Economy
Benefits
- Reduces land speculation
- Provides more stable government revenue
Risks
- Increases tax burden on underutilized urban lots
- Causes significant disruption to current property valuation models
Society
Benefits
- Can lower effective tax rates on moderate-value housing
- Encourages development of affordable units in high-value areas
Risks
- Risk of property tax shocks for vulnerable owners
- Potential for sudden displacement in high-appreciation neighborhoods
How trustworthy & consequential it is
Source
OpenStates
Confidence
lowlow
Analysis status
OpenStates summary
Implementation risks include significant tax liability shifts for property owners
Abstract lacks specific tax rate schedules or exemption criteria
Where it stands
Introduced
CompleteCommittee
CurrentReferred to Committee of the Whole
Floor
UpcomingGovernor
UpcomingEnacted
UpcomingHow it affects your district
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