The proposed bill would amend current statutes by requiring that each property tax bill and property tax statement for properties located within a school district must include specific information regarding tax rates. This includes a statement of the qualifying tax rate (QTR) as determined by section 15-992, subsections E and F, and the tax rate levied by the school district. The new language mandates that this information be presented in a clear format, specifying both the state-determined property tax rate and the school district's set tax property tax rate.

Additionally, the bill would remove any existing language that does not align with these new requirements, ensuring that the property tax statements are updated to reflect the inclusion of the QTR and the corresponding school district tax rate. This change aims to enhance transparency for taxpayers regarding the tax rates applicable to their properties within school districts.

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