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Against Amendment2.
OK, SO MAYBE IT ISN'T ALL bad. Many Arkansans certainly need some property tax relief. But proposed Amendment 2 is bad enough that Arkansans ought to reject it on Nov. 17.
The only reason the Arkansas Supreme Court didn't throw it off the ballot is that it was initiated by the General Assembly, and the court apparently didn't apply the same standards as it does to citizen-initiated amendments.
So, lucky us. We get to vote on an amendment that provides a state, property tax credit of $300 on homesteads, limits the annual increase in assessed value from countywide reappraisals to 5 percent for homesteads and 10 percent for all other property, and limits property tax increases, for the elderly and disabled.
Hey, that sounds all right. Not too bad, eh?
Here's the trick. If voters approve the amendment, it will trigger a 0.5 percent sales tax increase approved by the Legislature in 1999 to make up for the money that would be lost from property taxes.
Is that known by reading the ballot title? No. Is it known by reading the text? No.
So what appears to be a tax-reducing measure for some, is actually a tax increase measure for all.
- Maryland Governor Reluctantly Backs Statewide Property Tax Increase.
- Newspaper article from: Knight Ridder/Tribune Business News May 1, 2003 700+ words
...struck John" over the authorship of the property tax idea. When he unveiled the property tax increase in March, Ehrlich called it a move toward...dollars to help pay debt service kept the property tax rate artificially low for years, the governor...
- Few answers for growth: Citizens group offers sales tax increase, stable...
- News wire article from: Charlotte Observer (Charlotte, NC ) August 30, 2006 700+ words
...source -- a sales tax increase -- is beyond the control...a half-cent sales tax increase to fund education...lower the county's property tax rate after the next...sources, such as a sales tax increase or new fees, commissioners...
- BUDGET PLAN CALLS FOR PROPERTY TAX INCREASE.(A SECTION)
- Newspaper article from: Sarasota Herald Tribune Davis, Chris July 10, 1997 700+ words
...generation of a 2.9 percent increase in property tax revenues by a rate increase of 0.1287...County Utilities that are not funded by property tax dollars. Nearly half of the total tax increase comes from $1.18 million more the county...
- SW fire district seeks tax increase to expand: Property tax levy would generate...
- Newspaper article from: News-Sentinel (Fort Wayne, IN) July 13, 2006 700+ words
...County is prompting the Southwest Fire District to seek a tax increase for future expansion. The department would like to replace...Equipment Fund, which would be financed by an additional property tax levy of about 3.3 cents per $100 of assessed value of...
- City commissiners.(property tax increase)(Brief Article)
- Magazine article from: Florida Trend September 1, 2000 700+ words
...gave preliminary approval for a 10.6% property tax increase. The hike, which follows five years...millage rates, would add $34 to the property tax bill on a $109,000 home. The tax increase would help pay for a development services...
- State relying on local tax growth: lawmakers approved a $72 billion state...
- News wire article from: Miami Herald (Miami, FL) Fineout, Gary May 4, 2007 700+ words
...s really not a property-tax increase. Instead, they...defended the use of a property-tax increase this year, saying...that the House's property-tax plan would have...one-cent sales-tax increase for the elimination...
- State to impose lowest property tax increase in 13 years.(Originated from...
- Newspaper article from: Knight Ridder/Tribune News Service Seipel, Tracy February 27, 1996 700+ words
...this spring's property tax bills will contain...for Californians: a tax increase of just 1.11 percent...the 1.11 percent property tax increase limit. But in each...a big jump in the property tax rate. ``I'd say...
- Roanoke Co. supervisors to consider property tax cut: A reduction would help...
- Newspaper article from: Roanoke Times (Roanoke, VA) February 26, 2007 700+ words
...percent increase in assessed values could create an effective tax increase even without changing the tax rate, state law requires the...1-cent cut the county would see an effective 6 percent tax increase. That prospect could lead supervisors to consider an even...
- Property tax increase proposed in New Haven, Ind.
- News wire article from: News-Sentinel (Fort Wayne, IN) August 5, 2005 700+ words
...Ryan Lengerich Aug. 5--A property tax increase may be looming for New Haven...to start the process over. TAX INCREASE PROPOSED: --What: Public hearing and possible vote on property tax increase to fund fire and police equipment...
- Lee school board to seek property tax increase.
- News wire article from: Columbus Ledger-Enquirer (Columbus, GA) February 14, 2007 700+ words
...process to seek a 7-mill property tax increase. Lee County Schools will seek to raise its property tax from 21 to 28 mills. The system...through the legal steps to seek a property tax increase, Painter said. Copyright...
Source: HighBeam Research, Against Amendment2.