Something for Everyone...
07/07/2008The fact that property tax levies approved by the voters on March 4 will be effective with the first tax bill next January has raised some questions. Since the property tax year is always a year behind the calendar, people wonder how a levy passed in 2008 can be collected next year. The answer: that is what state law allows, provided the taxing authority has authorized collection in the upcoming year. The bottom line is that there will be significant tax increases next year in districts which passed a new or increased tax levy this year because of the voters' decision. |
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