Quote:
Originally Posted by Rattlesnake Guy
OK, now I am confused.
Is it a cap on the total taxes that can be raised?
or
Is it a cap on the tax rate?
It makes little sense to cap the rate as the it will change as a result of the simple calculation done each year.
Tax Rate = total taxes to be raised / (total value of property as currently valued / 1000)
The town can't fix the second half of the equation. It would be nice if they could control the first half.
I don't care if my rate goes down but my tax bill goes up.
|
Did you read the actual wording of the law in post #5? Clearly it is a cap on taxes to be raised.