Makes the Governor’s property tax proposals. Includes limits on local government spending (102% with exceptions for growth) and on reserve fund balances; prohibitions on the use of bonds for general operations; changes to assessments for commercial property and an end to property tax replacement payments; changes to credits and exemptions including a property tax freeze for seniors in homes under $350,000; changes to SAVE distributions; changes to urban renewal laws and use of urban renewal funds and TIF divisions; moving assessments to every three years and adding land reports to be filed with the DOM by auditors; creating a shared-services grant program for local governments; creating Firsthome Iowa accounts  for contributions by families to help children with down payments; creating a study task force led by DOR; makes county auditors, treasurers and recorders appointments by supervisors. Requires the SOS to make recommendations on additional changes needed. (Governor)