PROPERTY TAXES
5B1453
DEFINITION & REPORTING FOR DEBT SERVICE
Effective January 1, 2026
• Redefines " current debt service " as the minimum amount required for debt service
• Requires the notice to adopt the tax rate to include that minimum amount; requires the district to post the minimum principal and interest amount on its website
• Allows the governing body to adopt a higher rate with 60 % approval, if the motion includes the proposed rate, how much it exceeds the minimum, and the purpose of the extra revenue
5B1502
LIMITATION ON DISASTER TAX RATE EXCEPTION
Effective September 1, 2025
• Prohibits school districts from adopting a tax rate using the disaster exception to the voter approval requirements if the school district held an V ATRE election that failed
5B2520
TAX CAP FOR DISABLED OR ELDERL V
Effective January 1, 2026
• Clarifies that in the year after a person first qualifies for a disabled or elderly homestead exemption, their school district taxes will be based on whichever is lower: the frozen tax amount or the actual tax for that year on their home
91