Proposes a constitutional amendment modifying provisions relating to taxation of real property

Summary

The amendment would add new sections to Article X that set school district operating levies for 2027 at the same revenue as 2026 plus an amount tied to the Consumer Price Index, then revert to existing rules after 2028. It also requires any increase in property‑tax bases or assessed values that outpaces inflation to be offset by reducing the authorized levy so total revenue stays constant, with exceptions for taxes on bonds issued before the amendment. The measure aims to curb property‑tax growth beyond inflation and give voters more control over school levies.

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

Topics

Share