Increasing the extent of property tax exemption from the statewide school levy for residential property.

Summary

The bill would increase the portion of a home’s appraised value that is exempt from the statewide school levy, starting at $75,000 and rising to $110,000. After 2027, the exemption amount would be adjusted each year based on the average change in residential property values across the state, but it could never decrease. The goal is to lessen the school‑tax burden on homeowners.

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

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