Save our Homes from Excessive Property Taxes
What changed between versions
Deleted all references to creating a state trust fund and providing grants to assist local governments with implementation.
Removed the requirement that local ad valorem taxes be limited to specific core services (public safety, education, etc.) and instead allowed funds for county officers and general expenditures.
Restricted the power to vote on reducing homestead exemption requirements to counties and municipalities only, removing special districts and school districts from this specific authority.
Changed the homestead exemption structure, removing the temporary $25k/$50k/$75k tiered system for 2027 and replacing it with a single $150k exemption starting in 2027.
Adjusted the ballot summary text to reflect the removal of the trust fund and updated the description of the homestead exemption benefits.