Tax Rate Information to Real Property Owners
- The rate of each levy that it imposes;
- Any adjustments from the prior year's levies;
- Whether the levy is fixed or floating;
- The applicable statutory or constitutional limits on annual levy or revenue increases, and whether the taxing authority is exempt from or has waived these statutory or constitutional limits;
- The annual rate of growth of the levy; and
- The mechanism for determining the annual rate of growth of the levy.
The board of county commissioners or other body authorized by law to levy taxes must provide this information, along with the identity of the entity that fixes each levy rate, with its annual certification of levies. The counties are required to ensure that this information is publicly available.
(Note: This summary applies to this bill as introduced.)