Authorizes taxpayers to submit petitions to reduce local tax rate levies

HB 1799 allows property taxpayers in local political subdivisions to petition for a reduction in their area's combined property tax rate through a voter-approved process. Taxpayers must gather signatures equal to 5% of voters in the last election for the governing body, pay verification fees (up to $0.50 per signature), and submit the petition to the local election authority. If approved by a majority vote in the next general election, the tax rate is reduced by the approved percentage - capped at 5% - but cannot affect taxes for debt service or be proposed more frequently than every four years. This bill directly affects homeowners and property owners in cities, counties, or other local governments that levy property taxes.