No. HJR 211
Filed under Education.
Accrued Save-Our-Homes Property Tax Benefit for Non-school Property Tax; Proposes amendment to State Constitution to increase the maximum value of the accrued Save-Our-Homes benefit which may be transferred to a new homestead for all levies other than school district levies, prohibit counties and municipalities from reducing total funding for law enforcement, and provide an effective date.
Plain English Summary
AI-GENERATEDHomeowners moving to a new home can now transfer their full accrued tax savings to all non-school property taxes, removing the previous $500,000 cap on that specific portion of the benefit.
Counties and municipalities are constitutionally prohibited from reducing their total law enforcement budgets below the higher of their 2025-2026 or 2026-2027 budgeted amounts, starting in the 2027-2028 fiscal year.
This funding floor applies regardless of any revenue losses caused by the expanded homestead tax benefit transfer, effectively locking in current police spending levels.
The expanded tax benefit transfer and the law enforcement funding floor both take effect on January 1, 2027.
AIRemoves the $500,000 cap on the accrued tax benefit when a homeowner moves to a new property, but only for taxes that do not fund school districts.
AILimits the transferable accrued tax benefit to $500,000 specifically for taxes that fund local school districts.
AIProhibits counties and municipalities from budgeting less for law enforcement in 2027-2028 than they budgeted in either 2025-2026 or 2026-2027, regardless of revenue losses from the tax benefit transfer.
AISets January 1, 2027, as the start date for the expanded tax benefit transfer and the law enforcement funding floor.