Establishes a real property tax freeze credit

Summary

The bill adds a new real‑property tax freeze credit for eligible individual taxpayers whose primary residence is in a county, city, town, village, school district or independent special district that files a freeze‑compliant budget for fiscal years 2027, 2028, and 2029. The credit offsets any increase in the homeowner's property tax bill, using the larger of the actual tax increase or a formula based on the jurisdiction's allowable levy growth factor. It is intended to protect taxpayers from rising property taxes when local budgets are constrained.

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