Providing for the use of household income in lieu of market value as +the basis for computing property taxes on homestead property; requiring county +assessors to annually provide lists of homesteads in the county to the +commissioner or revenue and to mail a certain form to be completed by homeowners +relating to household income for forwarding to the commissioner, specifying +certain commissioner information verification and net tax capacity and +referendum market value calculation and reporting requirements; modifying +certain homestead property classifications and providing the tax capacity +calculation formula for the property; providing for notice of proposed property +taxes under truth in taxation provisions and for the contents of property tax +statements to homeowners, for collection of tax revenues by the commissioner and +for settlement of receipts between the commissioner and county auditors; +providing for supplemental local government aid (LGA) to taxing jurisdictions +with reduced net tax capacity or referendum market value based on the +calculation change, specifying certain calculation duties of the commissioner and appropriating money to the commissioner for the aid payments; +repealing the residential homestead market value credit (ra)