An act relating to setting the homestead property tax yields and the nonhomestead property tax rate

This bill sets specific property tax rates and yields for fiscal year 2024, affecting property owners in the state. It adjusts the property dollar equivalent yield to $15,443.00, the income dollar equivalent yield to $17,537.00, and the nonhomestead property tax rate to $1.391. Additionally, the education fund reserve property tax rate offset is reduced from $22,000,000.00 to $13,000,000.00. These changes determine how much tax revenue is generated from property values and income for the state budget.