Relating to local government property taxes, financial authority, operations, and budgets, modifying certain transit funding, property tax credits and exemptions, and appropriations, requiring certain information related to property taxation to be provided to property owners and taxpayers, modifying provisions relating to fees for driver’s licenses and nonoperator’s identification cards, modifying provisions relating to certain writing fees, making penalties applicable, and including effective date, retroactive applicability, and applicability provisions

The bill increases the thresholds for each category by percent. The bill similarly increases a threshold relating to when a lease or lease-purchase contract is not subject to approval procedures similar to essential county purposes bonds.402(3) governs a county’s authority to enter into loan agreements and, in part, subjects loan agreements for real property to procedures for approval at an election following a petition if the principal amount of the contract exceeds specified thresholds categorized by county population. The bill increases the thresholds for each category by percent.403 requires each county to prepare and file an annual financial report. The bill requires that beginning with the annual financial report filed by December 1, 2024, each such report shall include a list of bonds, notes, or other obligations issued by the county during the preceding fiscal year payable from any source, including the amount of the issuance, the project or purpose of the issuance, whether the issuance was approved at election, eligible to be subject to a petition for an election, or was exempt from approval at election as the result of statutory exclusions based on population of the county or amount of the issuance, and identification of issuances from the fiscal year or prior fiscal years related to the same project or purpose.95 per $1,000 of assessed value of taxable property in the county.426, Code 2023, for the fiscal year beginning July 1, 2023.50 per $1,000 of taxable value and the limitation determined for the preceding fiscal year, as adjusted under the bill.25 percent of the total assessed value used to calculate taxes for the current fiscal year.5 percent of the total assessed value used to calculate taxes for the current fiscal year.426, Code 2023, for the fiscal year beginning July 1, 2023.95 and the levy rate for the preceding fiscal year as adjusted under the bill.25 percent of the total assessed value used to calculate taxes for the current fiscal year.5 percent of the total assessed value used to calculate taxes for the current fiscal year.426 authorizes a county experiencing unusual circumstances, including increases in population, natural disaster or emergency, problems relating to major new functions required by state law, staffing problems, need for additional moneys to continue certain programs, need for new county programs that provide a substantial benefit to residents, and reduced or unusually low growth rate in the county, to levy additional property taxes for general county services or rural county services. If the county imposed such levies in the fiscal year beginning July 1, 2023, the bill increases the county’s applicable general services levy rate authority by such levy rate amounts as previously described.426.426 if the proposition to certify an addition to a levy has been submitted at a special levy election and received a favorable majority of the votes cast on the proposition.425 is due to unusual circumstances resulting from the following, the duration of such approval at election shall not exceed the following period of years: (1) unusual problems relating to major new functions required by state law, three years; and (2) unusual need for a new program which will provide substantial benefit to county residents, if the county establishes the need and the amount of necessary increased cost, one year. In addition, for elections to approve additions to a levy for such reasons or as the result of a natural disaster, the ballot shall include additional information relating to the major reasons for the addition.441(2)(b) defines “essential county purpose” to include public buildings, including the site or grounds of, and the erection, equipment, remodeling, or reconstruction of, and additions or extensions to the buildings, and including the provision and maintenance of juvenile detention or shelter care facilities, when the cost does not exceed specified thresholds based on county population. The bill increases each of the threshold amounts by percent.441(2)(c).442 governs county procedures for the issuance of general county purpose bonds. In lieu of calling an election, the board of supervisors may institute proceedings for the issuance of bonds for a general county purpose by publishing a notice of the proposal to issue the bonds, including a statement of the amount and purpose of the bonds, and the right to petition for an election if the amount of the bonds is less than specified threshold amounts based on county population. The bill increases each of the threshold amounts by percent. The bill also requires a notice of proposal to issue general obligation bonds by a county to include an estimate of the annual increase in property taxes as the result of the bond issuance on a residential property with an actual value of $100,000. Division I of the bill takes effect July 1, 2024, and applies to county taxes and budgets for fiscal years beginning on or after July 1, 2024. DIVISION II —— CITY PROPERTY TAXES.10 per $1,000 of taxable value.48, Code 2023, for the fiscal year beginning July 1, 2023.10 per $1,000 and the amount determined under the bill for the prior year, as adjusted under the bill.25 percent of the total assessed value used to calculate taxes for the current fiscal year.5 percent of the total assessed value used to calculate taxes for the current fiscal yea