Limits increase of assessed value of property subject to appeal judgment following implementation of reassessment.

This bill (S 2513) would limit how much a local government can increase a property's tax assessment after a successful appeal. It caps any post-appeal assessment increase at the district-wide average increase in property values, preventing disproportionate hikes for properties that won tax appeals. Property owners who successfully challenge assessments and local taxing districts (municipalities) would be directly affected. If a district exceeds this limit without justification, it must pay the property owner's legal fees and costs. The limit applies until the next full reassessment of all properties in the district.