Proposes a constitutional amendment relating to real property tax assessments

Summary

The resolution proposes repealing Section 4(b) of Article X and replacing it with new rules that set assessment percentages, cap tax rates, and limit annual increases for primary residences. It would classify property into three classes and three subclasses, require uniform percentages within subclasses, and cap any subclass’s assessed value at one‑third of true value. The change aims to standardize assessments and restrict rapid tax growth for homeowners.

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