To Truth or Not to Truth: How Truth in Taxation Constrains Property Taxes
Research Question
To what extent has Truth in Taxation constrained property tax growth?
Key Findings
Between 2014 and 2024, but for Truth in Taxation statewide property tax liability would be roughly $2.3 billion higher.
How does the Residential Exemption Impact Taxes?
Research Question
How does increasing the residential exemption from 45% to 55% affect taxpayers?
Key Findings
Statewide, increasing to 55% would reduce residential tax liability by $236 and increase non-residential liability by $506 per year on a $500,000 property.