DIVISION IV —— PROPERTY VALUATIONS AND ASSESSMENT LIMITATIONS. This bill amend Code section 441.21 by specifying that for assessment years beginning on or after January 1, 2027, structures on agricultural land constructed on or after January 1, 2027, that are not agricultural dwellings shall not be included in determination of productivity and net earning capacity of agricultural property and shall not be allocated any portion of the total county productivity value so determined. The bill strikes the calculation of the residential property assessment limitation for assessment years beginning on or after January 1, 2026, and strikes the provision within the agricultural property assessment limitation calculation that limits growth of residential or agricultural property to the growth in the other classification (ag-residential tie). The bill modifies provisions governing the calculation of payments made to local governments that are made to replace property taxes due to the application of the residential property assessment limitation to certain portions of commercial and industrial property valuations and eliminates the appropriation for such payments for fiscal years beginning on or after July 1, 2027, due to elimination of the assessment limitations.