Relating to the determination of the total taxable value of property in a school district under the property value study conducted by the comptroller of public accounts.
Relating to changing the term "effective" tax rate to the term "no new taxes" tax rate for the purposes of the calculation and adoption of ad valorem tax rates.
Relating to increasing the amount of the residence homestead exemption from ad valorem taxation by a school district to $45,000, providing for a reduction of the limitation on the total amount of ad valorem taxes that may be imposed by a school district on the homesteads of the elderly or disabled to reflect the increased exemption amount, and protecting school districts against the resulting loss in local revenue.
Relating to the authority of the governing body of a taxing unit to adopt a local option residence homestead exemption from ad valorem taxation of not less than $5,000 or more than $30,000.