Relates to the determination of adjusted base proportions in special assessing units which are cities

Summary

The bill lets a city’s legislative body decide how much the current base proportion for each property class can rise above the prior year’s adjusted base proportion, but not more than five percent. If a city has already mailed 2027 tax bills, it must adjust the bases, rates and send corrected bills, while still honoring any payments due under the old rates. This aims to give local control over tax base growth while limiting large jumps.

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