Currently they develop a budget based on the revenue projections at the start of a session [two months in the Spring] and then revise it to account for the projection that occurs during the middle of the session. There have been major changes during the two month period, which is absurd.
]]>As a Property Tax Consultant (occupational disclosure here) I agree with a personal property exemption. The counties are probably spending more money processing the paperwork and issuing bills than they are receiving in tax dollars on the small accounts. And businesses consider it a nuisance. Most states have done away with personal property tax for individuals, and more are moving away from it for businesses. I can say with a lot of certainty that it’s an unfair tax.
Good luck on the voting.
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