Regards school district property taxes and millage calculations

This bill limits the ability of school districts to reallocate unvoted property tax millage and changes how emergency and substitute levies are counted in effective millage calculations. It requires the state tax commissioner to calculate specific percentage reductions for property taxes to ensure that tax rates do not drop below established minimums based on prior year collections. County auditors will apply these calculated reductions to property tax bills, with the tax commissioner retaining the authority to withhold state funds from districts that fail to comply with the reporting requirements. The legislation primarily affects school districts and property owners by standardizing how tax rates are determined and enforced across different property classes.