A bill for an act relating to local government finances by placing limitations on property tax levy rates.

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Where it is in the process

Plain-English Summary

This bill changes how local governments can set property tax rates starting in fiscal year 2026. It limits tax levies to 102% of the average rate from the previous five years, unless voters approve a higher rate in a special election. The legislature will review these limits every session, and changing them will require a 60% vote in both houses.

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