AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
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.
- SURVEY: SALES TAX INCREASE PREFERRED; CHAMBER SAYS MOST BUSINESSES WOULD RATHER...
- Newspaper article from: The Post-Standard (Syracuse, NY) March 23, 2004 700+ words
...rather see the local sales tax increase than see the county raise...legislators about the sales tax increase. "One of the reasons we...Medicaid costs to avoid both a property tax or a sales tax increase. "Five percent said yes...
- 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...
- 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...
- Dist. 93 might seek bigger tax increase 90-cent increase in property tax rate...
- Newspaper article from: Daily Herald (Arlington Heights, IL) Greco, Carmen, Jr. September 23, 2003 700+ words
...for a proposed tax increase request in March...on a 90-cent property tax rate increase...by 2006. The property tax rate increase...if a 90-cent tax increase would be enough...state-imposed property tax cap. The cap...
- Property tax reform; Keep open mind on sales tax increase.(NEWS)
- Newspaper article from: Star Tribune (Minneapolis, MN) February 7, 1997 700+ words
...overhaul the state's badly broken property tax system, this is it. There's money...excessive pain; the outcry over local property tax increases has never been louder, and...early to give up on a comprehensive property tax fix. But it's not too early to begin...
- 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...
- NAGS HEAD PLAN CALLS FOR TAX INCREASE TOWN'S PROPERTY TAX RATE WOULD GO UP FOR...
- Newspaper article from: The Virginian Pilot May 18, 2002 700+ words
...Residents here will see a 2-cent increase in the municipal property tax rate if town commissioners approve the recommended2002...transfer taxes and the sale of town property. The proposed property-tax-rate increase would generate an additional $172,000...
