Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What does the initiative actually say?

April 26, 2017actually Initiative

0

Posted

What does the initiative actually say?

1 Answer

0

Posted

The initiative rolls back valuations to 2003 or purchase price after December 31, 2003, caps total tax at ½ of 1% for residential property and 1% for commercial property and land, limits increases to 2% per year, and eliminates exceptions to these limits.