Relating to the property tax; changing net tax capacity to general education tax base for general education tax rate and levy determination purposes and reducing the amount of money to be raised by the tax rate; restricting the general education levy to certain properties; specifying the formula for the determination of the school district referendum equalization levy for residential and agricultural homestead property; requiring new school district referendum levies approved after a certain date to be levied against the net tax capacity of residential and agricultural homestead property; providing for the computation of school district adjusted general education tax base, defining general education tax base; reducing the property tax classification rates on the first tier of residential homestead, agricultural homestead, commercial industrial, apartment and mining property; providing for county auditor determination of a homestead credit amount on residential and agricultural homestead property to be used to proportionately reduce property taxes payable after subtraction of certain other credits, requiring county auditor certification of tax reductions to the commissioner of revenue for verification of credit amounts reported and for payment to affected taxing jurisdictions, commissioner of children, families and learning to reimburse affected school districts; providing for county auditor computation of tax rates against the general education tax base and against homestead and agricultural net tax capacity; repealing the separate tax provisions for transit zone properties in the metropolitan area and the education homestead and agricultural credits (ra)