The State House is considering a plan, introduced today, to slowly cut the taxable portion of a commercial property's value, so owners would eventually pay taxes on just 80% of the assessed value.
KCCI reports the state make up what the change will cost local governments in tax revenue. It would also cap at 2% how much residential, agricultural and commercial property values can go up in one year.
KCCI reports the state make up what the change will cost local governments in tax revenue. It would also cap at 2% how much residential, agricultural and commercial property values can go up in one year.
No comments:
Post a Comment