Property Tax Changes

Summary

The bill sets a maximum on the amount of additional ad valorem tax a taxing entity may collect through the truth‑in‑taxation process. Any increase beyond that limit must be approved by voters through a ballot question. It also removes a temporary protection for state‑guaranteed school funding when a district’s certified tax rate is reduced.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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