This bill modifies local government property taxes, financial authority, and budgets, including changes to assessment limitations, levy rates, and.

This bill makes several changes to local government property taxes, financial authority, and budgets. It modifies assessment limitations for residential and agricultural property, increasing the percentage of actual value at which property is assessed. The bill also adjusts levy rates for county and city general fund taxes, setting maximum rates for certain fiscal years. Additionally, it changes homestead exemptions, increasing the taxable value limit and eliminating the age requirement for eligibility.

This bill modifies local government property taxes, financial authority, and budgets, including changes to assessment limitations, levy rates, and.

This bill makes several changes to local government property taxes, financial authority, and budgets. It modifies assessment limitations for residential and agricultural property, increasing the percentage of actual value at which property is assessed. The bill also adjusts levy rates for county and city general fund taxes, setting maximum rates for certain fiscal years. Additionally, it changes homestead exemptions, increasing the taxable value limit and eliminating the age requirement for eligibility.