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WHAT WOULD HAPPEN IF A TAXING DISTRICT CONDUCTING A REASSESSMENT PASSED A TAX LEVY WITH A ZERO (0) INCREASE?

April 26, 2017conducting district levy reassessment tax taxing Zero

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WHAT WOULD HAPPEN IF A TAXING DISTRICT CONDUCTING A REASSESSMENT PASSED A TAX LEVY WITH A ZERO (0) INCREASE?

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All property is in a taxing district does not necessarily change in value between the date of value for the last reassessment and the date of value for the current reassessment. As an individual property value changes, its relationship to the total property value in a taxing district changes.