My home value between 2016-2017 only went up by $10,000, but my
property taxes increased by $2,500.
76) Yet I do not think that the SALT deduction should allow a deduction for user fees, but do think that it should allow for a deduction for
property taxes and special assessments (and, ideally, exclusively so).
In subsequent years, the percentage of money distributed on a performance basis to control
property taxes could gradually increase.
A decision by Washington state voters to limit local
property taxes would be another chink in the armor of what once was, but is no longer, the predominant local tax.
Priest, affluent property owners can all too easily be tempted to take part in revolts against increases in
property taxes when such revenues are suddenly diverted to pay for schools in other districts.
Despite these limitations, most interstate property tax comparisons divide state and local property tax collections by state personal income as a rough measure of the relative level of
property taxes within a state.
In a 24-hour blaze of lawmaking, Michigan legislators stunned even themselves by passing a controversial bill abolishing the practice of funding schools with
property taxes.
If local income or sales taxes were substituted for
property taxes, inequalities in local tax bases would be even greater.
If this filing period is missed the taxpayer loses any opportunity for a refund of their 2012
property taxes.
Texas school districts currently collect about $22 billion in
property taxes, and bringing back a statewide property tax to fund public education - without replacing other local
property taxes levied by cities, counties and other entities - would come with some challenges.
Property taxes will decline in a few taxing districts, including Oakridge, Pleasant Hill and those portions of Eugene inside the Bethel School District.
The consensus among advocates is a change in tax structure is needed so local
property taxes are not the prime determiner of the money schools receive.
