Concerning property tax reform.

Summary

The bill widens the exemption program for retirees, letting them keep relief when they move and using a new income‑threshold formula. It also forces county treasurers to show the state school levy on every property‑tax statement, sets uniform payment dates, and defines interest and penalty rates for late payments. Finally, it creates a single state property tax of $3.60 per $1,000 of assessed value with supplemental rates that vary by year, and adds a farm‑equipment exemption.

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

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