Wednesday, May 09, 2007

Stealth Property Tax Increase Bill

This is absolutely OUTRAGEOUS, Senators Henry, McNally and Burchett and Rep. Fitzhugh are proposing a bill to allow counties to HIKE property taxes 3% after a reappraisal without going through the normal public hearing and legislative process.
Stealth Property Tax Increase Bill
Senate Sponsors: Doug Henry, Randy McNally, Tim Burchett
House Sponsor: Craig Fitzhugh

SUMMARY OF BILL: Authorizes local governments undergoing property tax reappraisal to increase the certified rate for property tax purposes by a factor of up to 3%, as determined by the State Board of Equalization, to account for projected increases in the cost of services.