Latest Action:
Filed
The bill aims to restrict the total ad valorem taxes that a school district can levy on specific residence homesteads after a significant increase in school taxes. It seeks to protect homeowners from excessive tax burdens resulting from substantial school tax hikes. The key provision is the limitation placed on the amount of ad valorem taxes imposed on certain residential properties following such tax increases. This measure is designed to prevent undue financial strain on homeowners due to escalating school taxes.
2022-11-14: Filed
2023-02-23: Read first time
2023-02-23: Referred to Ways & Means
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