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Tuesday, March 11, 2008

Phyrillas on property tax hikes

Over 100 school districts have applied for exemptions to increase property taxes above the Act 1 index, notes Tony Phyrillas. He points out that this is fewer than last year (over 200 exempted districts) and the state actually rejected some requests for exemptions this year.

Of course, that may be because the Index is higher this year, ranging from a minimum of 4.4% to a high of 7.1% - meaning that school districts, based on their index, can raise taxes by that level without voter referendum, and then can get exemptions to exceed that level without voter approval.

To date, there has yet to be tax increase subject to the Act 1 referendum.

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