Authorizes taxpayers to submit petitions to reduce local tax rate levies

Summary

The bill lets any resident of a city, county or other political subdivision file a petition to place a question on the ballot asking voters to lower the combined property tax rate. It sets limits on how much the rate can be cut, how often a question can appear, and requires verified signatures from a percentage of recent voters. If a majority approves, the local government must reduce the rate by the approved amount.

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

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