What limit was established by the 1932 amendment regarding property tax rates without citizen vote?

The correct answer is 1.5% of the assessed value. The 1932 amendment to Michigan's constitution established the limitation on property tax rates that municipalities and local governments could impose without obtaining prior approval from voters. This amendment was a response to concerns about excessive taxation and aimed to protect citizens from high tax rates.

The significance of this limit is that it was intended to create a more predictable and stable tax environment for property owners, thereby reducing the likelihood of tax increases that could arise without direct accountability to the electorate. As a result, any property tax rate exceeding 1.5% requires a referendum, ensuring that taxpayers have a direct say in the taxation they face. This legislation reflects a broader movement toward fiscal responsibility and transparency in local governance during that era.