Property Tax Relief and Reform Act

[AI summary unavailable — showing source text] Property Tax Relief and Reform Act - Title I: Findings and Purpose - Enumerates the findings of Congress and declares the general purposes of this Act to be to: (1) provide for a program of assistance to State governments in reforming their real property tax laws, and (2) provide relief from real property taxes for low-income individuals. Title II: The Office of Property Tax Relief and Reform - Establishes, within the Department of the Treasury, the Office of Property Tax Relief and Reform to administer the real property tax relief and reform programs established under this Act. Provides that the office be headed by a Director, to be appointed by the President. Sets forth the functions of the Office, including: (1) administering property tax relief and reform programs; developing compatible fiscal and administrative systems of property taxation among Federal, State and local governments; (2) acting as a clearinghouse of information for State and local governments with respect to the Federal programs affecting the administration of property taxes; (3) providing technical and training assistance to States; (4) providing financial assistance for special experimental programs in the ad…