New Study: 4 States, 3 Recommendations to Fix Property Tax Caps.

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July 30, 2018

The Report: CBPP’s State Limits on Property Taxes Hamstring Local Services and Should Be Relaxed or Repealed

4 State property Tax Caps that were studied: Michigan, Massachusetts, Oregon and New York.

3 Reommendations on Property Tax Caps

Remove Property Tax Caps
Amend caps to read, ” limit the annual increase in property taxes to 1.5 or 2.5 percent or the rate of inflation, whichever is higher in lieu of whichever is lower.
Include legislative” “circuit breakers,” which caps property taxes for people who make below a certain amount.”

Governing | The Downsides of Property Tax Caps