This bill proposes several updates to current statutes regarding the informational pamphlets and notices related to property tax increases and bond elections. Specifically, it would
require the tax rate and estimated cost associated with proposed capital improvements for single-family homes valued at $100,000 and $400,000 to be included in the informational pamphlet for school district budget override elections and Class B bond elections. Additionally, it would
add the estimated tax impact of property tax increases on homes valued at $400,000 to the required Truth in Taxation (TNT) notices for school districts, community colleges, and political subdivisions.
Furthermore, the bill would
remove references to homes valued at $80,000 and
update the valuation references to include homes valued at $100,000 and $400,000 in various sections of the statutes. It would also
require that the estimated tax impact of bond debt service be provided for owner-occupied residences valued at $400,000 and commercial properties valued at $2,000,000. Overall, these changes aim to enhance transparency and provide clearer information to taxpayers regarding the financial implications of proposed tax increases and bond measures.
Statutes affected: Introduced Version: 15-481, 15-491, 15-905.01, 15-1461.01, 35-454, 41-1276, 42-17107, 48-254, 16-204, 15-905, 42-12003, 42-12001, 15-422, 15-423, 15-424, 15-426, 15-403, 15-947, 15-482, 15-949, 15-971, 15-447, 15-342, 15-493, 15-401, 15-402, 15-910, 15-910.01, 1999-2000, 15-995, 15-907, 42-17052, 42-17002, 42-17051, 15-1461, 42-17105, 42-12002, 42-17151, 42-17103, 42-17104
House Engrossed Version: 15-481, 15-491, 15-905.01, 15-1461.01, 35-454, 41-1276, 42-17107, 48-254, 16-204, 15-905, 42-12003, 42-12001, 15-422, 15-423, 15-424, 15-426, 15-403, 15-947, 15-482, 15-949, 15-971, 15-447, 15-342, 15-493, 15-401, 15-402, 15-910, 15-910.01, 1999-2000, 15-995, 15-907, 42-17052, 42-17002, 42-17051, 15-1461, 42-17105, 42-12002, 42-17151, 42-17103, 42-17104