If enacted, this 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. The new language mandates that the county treasurer must separately state, at a minimum, the qualifying tax rate (QTR) determined under section 15-992, subsections E and F, as well as the tax rate levied by the school district. This information must 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 documents. By including these provisions, the bill aims to enhance transparency for property owners regarding the tax rates that affect their properties, thereby ensuring they are well-informed about the financial obligations associated with their property taxes.

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