This bill modifies local government property taxes, financial authority, and budgets, including appropriations, effective dates, and applicability.

The bill modifies local government property taxes, financial authority, and budgets. It adjusts the general county services levy rate for fiscal years beginning on or after July 1, 2026, and modifies the maximum levy rate for rural county services. The bill also changes the homestead credit to a homestead exemption, increasing the exemption amount over several years. It modifies the property tax credit for persons ages 70 and older, raising the household income threshold for eligibility.

This bill modifies local government property taxes, financial authority, and budgets, including appropriations, effective dates, and applicability.

The bill modifies local government property taxes, financial authority, and budgets. It adjusts the general county services levy rate for fiscal years beginning on or after July 1, 2026, and modifies the maximum levy rate for rural county services. The bill also changes the homestead credit to a homestead exemption, increasing the exemption amount over several years. It modifies the property tax credit for persons ages 70 and older, raising the household income threshold for eligibility.