Residential property value limits would not apply after zoning changes

County assessors would not apply the residential property valuation increase limit when the property's zoning changed during the prior year. The provision covers residential property that otherwise falls under the stated valuation limit, but not property already covered by the separate limit in Section 7-36-21.3. The regular limit otherwise holds value at no more than the higher of 103 percent of the prior year's value or 106.1 percent of the value from two years earlier. The limit also has exceptions for a property's first tax year, most recent physical improvements, and a change of ownership. The text does not state that a zoning change alone guarantees a particular tax bill or valuation. The provision would apply to property tax years beginning on or after January 1, 2026, when the zoning change occurred during the prior year.