Cap on property value assesments for tax purposes

I was listening to the news in my area and they were talking about putting a cap on property value assesments in my state. I was wondering what others might think of this and how it might effect the property values in my area. I can see some good in this it means that my taxes will not increse as fast, Considering at one point the value on my home was about $150,000 which was good for me cause my 7 year old home is paid for but, I worry that it might also effect propery value going up in the future.

Courage is not the absence of fear, but rather the judgment that something else is more important than fear. - Ambrose Redmoon