Laserfiche WebLink
Property Tax: 1-747 & the 1% Limit <br />• Enacted in 2002 through voter initiative <br />• Initially struck down by courts, but reinstated by <br />state legislature <br />• Limits property tax growth to the lesser of 1% or <br />the Implicit Price Deflator, plus new construction <br />and annexations <br />• Increases above 1% require a public vote <br />10 <br />E <br />