HF 235: Modifying the general and rural county services levy rate limitation for fiscal years beginning on or after July 1, 2026

What it does

This bill modifies the general and rural county services levy rate limitation for fiscal years beginning on or after July 1, 2026. Under the bill, the general county services levy rate may be increased if the total assessed value for the budget year is equal to or less than 101 percent of the total assessed value use to calculate taxes for the current fiscal year. The general county services rate may be increased up to a rate per $1,000 of assessed value that is equal to 1,000 multiplied by the quotient of 103 percent of the current fiscal year’s actual property tax dollars certified for levy divided by the total assessed value used to calculate such taxes for the budget year.

Lobbying · 1 for, 0 against

For: Dr. Tanja Garrison

In plain words

1. February 6, 2025Filed in the House and sent to the Ways and Means committee