Clarifies disclosures for the payment of real property and school district taxes in installments.
Relates to payments in lieu of taxes; provides that the tax base growth factor or quantity change factor includes the change in assessed value for each property on the exempt side of the tax rolls under a payment in lieu of tax agreement; allows a local government or school district to elect to include the equivalent taxable value of property subject to a payment in lieu of taxes agreement in the calculation of its quantity change factor.
Authorizes the Centerport Fire District to file an application for exemption from school taxes and real property taxes.
Relates to payments in lieu of taxes; provides that the tax base growth factor or quantity change factor includes the change in assessed value for each property on the exempt side of the tax rolls under a payment in lieu of tax agreement; allows a local government or school district to elect to include the equivalent taxable value of property subject to a payment in lieu of taxes agreement in the calculation of its quantity change factor.
Authorizes the Centerport Fire District to file an application for exemption from school taxes and real property taxes.
Requires municipalities to share certain payments in lieu of property taxes with school districts; informs counties, school districts, and DCA of certain information related to property tax exemptions and abatements.
Requires any state aid owed to a school district from a prior year adjustment be paid as part of the first state aid payment of the following school year following the notification of such payments.
Requires any state aid owed to a school district from a prior year adjustment be paid as part of the first state aid payment of the following school year following the notification of such payments.
Relates to the enforcement of taxes in certain school districts.
Makes technical corrections to a chapter of the laws of 2025 relating to authorizing the Thiells-Roseville Fire District to file an application for exemption from school taxes and real property taxes.