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Home Budget/Taxes Senate panel reworks property tax bill approved by House

Senate panel reworks property tax bill approved by House

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Property tax by Nick Youngson CC BY-SA 3.0 Pix4free

A Senate committee on Monday rewrote a property tax bill approved by the House that lowers the threshold for when a protest petition could be used to stop local governments from spending more in property taxes than they did the year before.

The  Senate tax committee approved a bill allowing voters to reject a budget that spends more in property taxes than it did the year before plus the Midwest consumer price index up to 3% more, whichever is less.

The House version of the bill set a little . . .

SSJ

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