Modifies provisions relating to taxation

Summary

The bill updates how property taxes are calculated and reported, requiring more detailed ballot language and labeling, expanding the definition of residential property to include short‑term rentals (with limits), and changing assessment practices for all non‑agricultural property. It also mandates mandatory senior tax credits, tighter deadlines for tax payments, and new rules for tax abatements and school district levies. These changes aim to increase transparency, ensure fair assessments, and protect taxpayers, especially seniors.

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