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Staff, counsel flag technical error that would double statewide adjustment in education property tax yield
Summary
Legislative staff and legal counsel identified a technical drafting error in a senate proposal that could cause a double application of the statewide adjustment to the property dollar equivalent yield, pushing property tax rates higher than intended; no formal vote was taken.
Legislative staff and legal counsel flagged a technical drafting error in a senate proposal that could double-apply the statewide adjustment to the property dollar equivalent yield used in education property tax calculations, potentially increasing property tax rates beyond the levels the General Assembly intended.
The issue arose during a brief staff discussion about changes in the new reappraisal and yield structure. A staff explainer said, “This is related to the double application of the statewide adjustment,” and noted that the bill language multiplies the property dollar equivalent yield by the statewide adjustment even though the December 1 recommended yield already…
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