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Office of the Revisor of Statutes

SF 3790 Senate Long Description

Relating to the property tax; reducing the formula for determination of the increase in limited market value and providing for the disregard of market value limits for assessment sales ratio study and state aids purposes; reducing the property tax classification rates for certain residential and agricultural homestead, commercial industrial, apartment and mining property and eliminating the separate taxation of property located in transit zones; modifying the education homestead credit and agricultural credits; extending levy limits, modifying the city and county levy limit base and excluding the deduction for certain mining tax distributions from the calculation of the adjusted levy limit base; modifying the levy limit base adjustment formula for consolidation (ra)