Modifies provisions relating to tax levies by political subdivisions

Summary

The bill changes how local governments present tax questions to voters. Ballot measures that propose a tax on real property must be identified only by a numeric or alphabetic label and must state the impact in dollars per $100,000 of market value. It also defines how tax rates, ceilings, and revenue are calculated after property re‑assessments, limiting adjustments to voter‑approved limits and inflation indexes.

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