Limiting School Property Tax Growth and Providing Relief

Description

This bill authorizes a reduction in certain school district property taxes impacted by millage floors, limiting increases to inflation, adjusts residential property tax reductions, and revises certification of tax abstracts. It is aimed at protecting homeowners from runaway school property tax hikes while refining the state funding and relief framework. CPAC supports restraining property tax growth and providing meaningful tax relief to homeowners and supported this bill. The Senate passed this bill on 2025-11-19 by a vote of 30-3. The House passed this bill on 2025-11-19 by a vote of 72-15. The bill later became law.