Modifies provisions relating to personal property assessments

Summary

HB 1766 revises statutes so that when assessors update personal‑property values, they must notify every affected county, city or school district. Those political subdivisions then have to reset their levy rates to keep tax revenue roughly the same as the prior year, but only up to voter‑approved rate limits and inflation caps. The changes aim to standardize revenue calculations after reassessments.

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