Circuit breaker credit for homesteads.

SB 217 would cap annual property tax increases for homeowners' primary residences at 4%. It directly affects residents living in their main home by preventing their tax bills from rising more than 4% from one year to the next. The key provision sets a maximum 4% yearly increase on the actual tax amount, regardless of property value changes. This policy change ensures predictable annual tax costs for eligible homeowners without requiring new tax payments or credits.