Providing a constitutional amendment to limit growth of assessed valuation of real property.

This constitutional amendment proposal (SJR 8210) would limit how much the assessed value of real property in Washington can increase annually. It caps annual growth at either 1% or the inflation rate (whichever is lower), starting January 1, 2027, with exceptions for new construction or property ownership changes. The amendment applies to property taxes collected beginning in 2028 and would require voter approval to take effect. It directly affects all property owners in Washington by restricting future increases in their property tax assessments.