TAX/AD VALOREM TAX: Provides for the homestead exemption, special assessment level, and other property tax exemptions for purposes of determining ad valorem taxation of certain property (Items #1 and 10) (EN SEE FISC NOTE LF RV See Note)

HB 11 is a technical amendment that corrects a classification error in the state's property tax laws by changing specific item references from "(a)(iv)" to "(b)(iv)." This change directly affects how certain properties are categorized when calculating homestead exemptions and special assessment levels for ad valorem taxes. The bill does not create new tax rules or change tax amounts but rather ensures the existing legal text accurately reflects the correct section of the tax code. By fixing this numbering mistake, the legislation aims to prevent potential confusion or errors during the annual property tax assessment process.