Proposing a constitutional amendment to add a homestead exemption for non-school property tax and prohibit reductions in local law enforcement.

The bill proposes an amendment to the State Constitution, effective January 1, 2027, to add a homestead exemption for levies other than school levies equal to twenty-five percent of the remaining assessed value after applying existing exemptions. It also prohibits counties and municipalities from reducing law enforcement funding below the amount budgeted in local fiscal year 2025-2026 or 2026-2027, whichever was greater. This amendment aims to provide tax relief to homeowners and ensure consistent funding for local law enforcement services.

Proposing a constitutional amendment to add a homestead exemption for non-school property tax and prohibit reductions in local law enforcement.

The bill proposes an amendment to the State Constitution, effective January 1, 2027, to add a homestead exemption for levies other than school levies equal to twenty-five percent of the remaining assessed value after applying existing exemptions. It also prohibits counties and municipalities from reducing law enforcement funding below the amount budgeted in local fiscal year 2025-2026 or 2026-2027, whichever was greater. This amendment aims to provide tax relief to homeowners and ensure consistent funding for local law enforcement services.