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Committee debates constitutional amendment to eliminate residential property tax
Summary
LSO presented a constitutional resolution (26 LSO 100) to set residential property tax at 0% and remove related constitutional language; testimony focused on effects for special districts, bonds, and whether counties must continue assessments for debt repayment.
Lawmakers considered 26 LSO 100, a proposed constitutional amendment that would set the residential property tax percentage at 0% and remove related bridging language that ties other classes to residential assessments. Josh Anderson of the Legislative Service Office explained the draft would add language specifying that "residential real property shall be 0% and no…
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