PROP TAX-RATE LIMIT REFERENDA

Amends the Property Tax Code. Provides that the ballot question concerning increasing or decreasing a rate limit shall include the purpose for the rate change and shall reference the resolution of the taxing district adopting the rate change. Provides that the ballot shall have printed thereon, but not as part of the proposition submitted, an estimate of the approximate amount to be levied upon a residence in the taxing district with a market value of $100,000 under the current rate and under the proposed rate. Effective immediately.