Establishes a property tax task force to investigate ways to reduce taxes on homestead properties and present legislative options.
The bill establishes a property tax task force to investigate ways to reduce property taxes on homestead properties and present options for legislative action. The task force will consider the effectiveness of the homestead market value exclusion, changes in property tax classification rates, and the impact of property tax burdens on different types of properties. The task force will submit a report by February 1, 2027, and will expire upon submission of the report.
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