Property Tax Modifications

Summary

The bill adds a two‑year qualified‑senior primary residence property‑tax benefit and revises the exemption for business personal property, including inflation adjustments and a backup exemption if reimbursements lag. It requires applications, notices, and extensive reporting by assessors, treasurers and the state administrator, and sets a reimbursement process for local governments. The measures take effect after the 2026 adjournment unless a voter referendum blocks them.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share