Section 1 of the bill requires taxing authorities to submit, with
their annual certification of levies, the following information:
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The rate of each levy that it imposes;
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Any adjustments from the prior year's levies;
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Whether the levy is fixed or floating;
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The applicable statutory or constitutional limits on annual levy or revenue increases, and whether the taxing authority is exempt from or has waived these statutory or constitutional limits;
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The annual rate of growth of the levy; and
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The mechanism for determining the annual rate of growth of the levy.
The board of county commissioners or other body authorized by law to levy taxes must provide this information, along with the identity of the entity that fixes each levy rate, with its annual certification of levies. The counties are required to ensure that this information is publicly available. Section 2 removes the requirement that an annual notice of
valuation sent to a property owner by a county assessor contain an estimate or an estimated range of the taxes owed for the current property tax year.
