eliminate a limit on the accumulation of the unused index factor for property taxation.

Summary

The measure changes state law so local governments must calculate their maximum allowable property‑tax revenue and can use any unused index factor from the past three years. It limits the amount they can add to the current year’s tax levy to either the total unused factor or 10 % of revenue, whichever is lower. This affects county auditors, municipalities and property owners by potentially allowing higher tax revenues.

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