Proposes a constitutional amendment modifying provisions governing the taxation of real property

Summary

The amendment would add a new Section 22 to Article X, prohibiting new taxes, fees, or higher levies unless a majority of qualified voters in the county approve them. It also ties property tax rates to changes in assessed values and inflation, automatically reducing levies to keep revenue steady, with an exemption for taxes that pay bond interest. The measure was referred to the Emerging Issues committee and ultimately failed.

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