Modifies provisions relating to taxation

Assessors are now required to conduct an in-person consultation with the owner of record before reclassifying any real property.

Assessors are considered to have met the consultation requirement if they can document a good-faith effort to contact the owner, including mailings, phone calls, or electronic notifications.

Header formatting and status indicators were updated to show the bill was adopted and amended.

A bracketed explanatory note stating that bold-faced text is not enacted was removed.

Minor spacing and punctuation adjustments were made throughout the text.

Added a new category (g) defining single-family homes leased for less than 30 days as residential property, subject to a 15-property ownership cap.

Restructured the definition of residential property from a continuous paragraph into a list with lettered subsections (a) through (g) for clarity.

Added specific language clarifying that 'business' includes sole proprietorships, partnerships, and limited liability companies for the purpose of the short-term rental limit.

Added a provision stating that corporations cannot use this new short-term rental provision to classify their properties as residential.

All requirements for specific ballot language, tax rate advertising restrictions, and numerical labeling of ballot measures were completely removed.

The definition of 'residential property' was expanded to explicitly include single-family homes leased for less than thirty days, while clarifying that such leases do not constitute 'transient housing'.

New definitions were added for 'agricultural and horticultural property' (including sawmills and reliever airports) and 'urban and community gardens'.

New rules were established for taxing multi-unit residential structures (five or more units) and for allocating tax assessments when property is used for multiple purposes.

The bill now repeals six existing sections (137.016, 137.073, 137.079, 137.115, 137.1050, 137.1055) and section 163.021, replacing them with eleven new sections covering a wider range of property tax topics.

New requirements were added for political subdivisions to label ballot measures relating to property taxation numerically or alphabetically only, without descriptive labels.

Strict new rules were established prohibiting political subdivisions from advertising proposed taxes as 'not increasing taxes' unless the measure would actually lower the tax rate or keep it the same.

Detailed requirements were added for ballot language starting January 1, 2027, mandating specific disclosures about tax rates, property types affected, bond issuances, and potential tax increases.

New provisions were added requiring county assessors to provide information to taxing districts regarding changes in assessed valuation resulting from property reclassification.

The definition of 'Residential property' was modified to use a lettered list format (a, b, c...) and includes specific exclusions for single-family homes leased for less than thirty consecutive days.