Signed by Officers and filed with Secretary of State
Summary
The joint resolution would change the state constitution to limit how much a property’s assessed value can rise each year, tying increases to the lower of 3% or the Consumer Price Index, and it revises assessment rules for homestead properties, including new discounts for recent owners and seniors. It also lets counties and municipalities assess certain agricultural, conservation, historic, and small residential properties based on use, and creates a new constitutional section on these matters. Voters must approve the changes at the next general or a specially‑called election.
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