Establishes a property tax task force to investigate ways to reduce property taxes on homestead properties.

The bill establishes a property tax task force to investigate ways to reduce property taxes on homestead properties and present options for legislation. The task force must submit a report to the chairs and ranking minority members of the legislative committees with jurisdiction over property taxes by February 1, 2027. The task force will consider various factors, including the effectiveness of the homestead market value exclusion and changes in property tax burdens. The task force expires upon submission of the report.

Establishes a property tax task force to investigate ways to reduce property taxes on homestead properties.

The bill establishes a property tax task force to investigate ways to reduce property taxes on homestead properties and present options for legislation. The task force must submit a report to the chairs and ranking minority members of the legislative committees with jurisdiction over property taxes by February 1, 2027. The task force will consider various factors, including the effectiveness of the homestead market value exclusion and changes in property tax burdens. The task force expires upon submission of the report.