If enacted, this bill would amend current statutes by requiring each property tax bill and property tax statement for properties located within a school district to include specific information regarding tax rates. The new language mandates that these documents must separately state, at a minimum, the qualifying tax rate determined under section 15-992, subsections E and F, as well as the tax rate levied by the school district. This information would be presented in a prescribed format that clearly identifies both the state-determined property tax rate and the school district's set tax property tax rate.

The bill would also replace existing language that does not specify the requirement for such detailed tax rate disclosures on property tax statements. By including this information, the bill aims to enhance transparency for property owners regarding the tax rates that affect their properties, thereby providing them with clearer insights into how their taxes are calculated and allocated.

Statutes affected:
Introduced Version: 15-996
House Engrossed Version: 15-996