Talbot wants tax cap change taken to the voters
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Title : Talbot wants tax cap change taken to the voters
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Title : Talbot wants tax cap change taken to the voters
link : Talbot wants tax cap change taken to the voters
news-today.world | EASTON — The property tax “cap” that attracts wealthy landowners to Talbot County, and has in many ways shaped the county's current economy, will be the subject of a ballot question in November if the Talbot County Council has its way.
The council has introduced legislation that keeps the cap in place but raises the bar, so to speak, so the county may garner more funds it desperately needs, according to county officials.
Resolution 230 is an amendment to delete a part of Section 614 of the Talbot County Charter that talks about property taxes and the Consumer Price Index, Urban (CPI-U).
At Tuesday's legislative session, Talbot County Attorney Michael Pullen read that section of the charter as it appears now.
“Notwithstanding any other provisions of this article, from and after July 1, 1997, revenues derived from taxes on properties existing on the Talbot County real tax rolls at the commencement of the County fiscal year shall not increase, compared to the previous year, by more than two percent or by the Consumer Price Index for all urban consumers (CPI-U) percentage of change for the latest calendar year, determined by the U. S. Department of Labor, whichever is the lesser,” Pullen quoted directly from the Charter.
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The council has introduced legislation that keeps the cap in place but raises the bar, so to speak, so the county may garner more funds it desperately needs, according to county officials.
Resolution 230 is an amendment to delete a part of Section 614 of the Talbot County Charter that talks about property taxes and the Consumer Price Index, Urban (CPI-U).
At Tuesday's legislative session, Talbot County Attorney Michael Pullen read that section of the charter as it appears now.
“Notwithstanding any other provisions of this article, from and after July 1, 1997, revenues derived from taxes on properties existing on the Talbot County real tax rolls at the commencement of the County fiscal year shall not increase, compared to the previous year, by more than two percent or by the Consumer Price Index for all urban consumers (CPI-U) percentage of change for the latest calendar year, determined by the U. S. Department of Labor, whichever is the lesser,” Pullen quoted directly from the Charter.
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You are now reading the article Talbot wants tax cap change taken to the voters With link address https://newstoday-ok.blogspot.com/2018/05/talbot-wants-tax-cap-change-taken-to.html