Amends real property tax law to set adjusted base proportions for cities in fiscal year 2027.

This bill amends the real property tax law to establish the adjusted base proportions for special assessing units that are cities for fiscal year 2027. It mandates that if a city has sent 15 real property tax bills before this act becomes law, it must revise its base proportions and send amended tax bills. The percent increase in base proportions must not exceed five percent and must be determined by the local legislative body by December 1, 2026. The bill ensures that taxpayers' obligations for tax payments due before the amended bills are sent remain unaffected.

Amends real property tax law to set adjusted base proportions for cities in fiscal year 2027.

This bill amends the real property tax law to establish the adjusted base proportions for special assessing units that are cities for fiscal year 2027. It mandates that if a city has sent 15 real property tax bills before this act becomes law, it must revise its base proportions and send amended tax bills. The percent increase in base proportions must not exceed five percent and must be determined by the local legislative body by December 1, 2026. The bill ensures that taxpayers' obligations for tax payments due before the amended bills are sent remain unaffected.