A statewide property tax levy freeze:

Question

Quizplus · Accepted Answer

A statewide property tax levy freeze would limit local expenditure growth to that financed by non-property tax revenue. This means that local jurisdictions would only be able to increase their expenditures by the amount of revenue generated through sources such as sales tax, income tax, and fees, rather than relying on increases in property tax revenue. This would help to control property tax rates and ensure that residents are not burdened by excessive taxation. Option A is incorrect because it suggests that property tax revenue would grow along with assessed value, which would not be the case in a levy freeze. Option B is incorrect because a levy freeze would not mandate that all local jurisdictions have the same property tax rate. Option C is incorrect because a levy freeze would not cause property tax rates to rise with assessed value increases.

A Statewide Property Tax Levy Freeze