Change provisions relating to the calculation of property tax request authority under the Property Tax Growth Limitation Act
Provisions/portions of LB1154 amended into LB803 by AM2651
Summary
The bill changes the formula that determines the maximum property tax a city, county or other political subdivision can request. It adds increases based on the prior year’s taxes multiplied by the subdivision’s growth rate and the higher of zero or inflation. The change would affect all local jurisdictions that file budgets under the Property Tax Growth Limitation Act.
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