RÉSUMÉ DIGEST
ACT 133 (SB 154) 2021 Regular Session Smith
Present constitution establishes the mechanism by which ad valorem property tax millage
rates are automatically adjusted in response to changes in the tax base resulting from
reassessment or a change in the homestead exemption. Both the millage rate imposed in the
year before the change in the base, as well as the maximum authorized millage rate, are
adjusted so that the same amount of taxes is collected in the year after reappraisal as was
collected in the prior year.
Present constitution authorizes an increase in a millage rate up to the prior year's maximum
authorized rate by 2/3 vote of its governing body without voter approval. The maximum
authorized rate is adjusted every four years due to statewide reassessment and may also be
adjusted due to a change in the homestead exemption.
Proposed constitutional amendment allows a taxing authority to increase its millage rate up
to the maximum authorized millage rate approved by the constitution and approved by the
taxing authority until the authorized millage rate expires rather than the present constitution's
maximum authorized rate in effect the prior year.
Specifies submission of the amendment to the voters at the statewide election to be held on
November 8, 2022.
(Amends Const. Art. VII, §23(C))