Senate Sponsors: LINK. Short description: PROP TAX-INCREASE EAV BY CPI Synopsis of Bill as introduced: Amends the Property Tax Code. Provides that, notwithstanding any other provision of law to the contrary, the equalized assessed value, less that part of the equalized assessed value attributable to new improvements to the property, of residential real property may not be increased from one general assessment to the next by more than the increase during that period in the Consumer Price Index reported by the Bureau of Labor Statistics of the federal Department of Labor or its successor agency. Effective January 1, 2003. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status