Introduced Senate Bill (S)

Authored by

DIGEST

Property tax levies after annexation. Provides that for purposes of calculating a municipality's property tax levy limits for a particular ensuing calendar year, the existing 15% cap on the amount of levy growth allowed because of an annexation applies regardless of whether the increase in the municipality's assessed value results from only one annexation or from more than one annexation. Property tax levies after annexation. Provides that for purposes of calculating a municipality's property tax levy limits for a particular ensuing calendar year, the existing 15% cap on the amount of levy growth allowed because of an annexation applies regardless of whether the increase in the municipality's assessed value results from only one annexation or from more than one annexation.