Missoula County strongly supports the passage of HB 471. This bill allow the inflation adjustment of the prior year's property taxes to be adjusted at the average inflation rate of the prior three years. This is in stark contrast to the current artificial inflation factor that arbitrarily cuts the three year average inflation rate in half, allowing only 50% of the prior three year inflation average to be used to adjust the previous year's actual assessed property taxes prior to the current year's mill levy calculations. Missoula County feels the actual three year average provides a much more accurate barometer of the current economic climate and allows the prior year's property taxes to be adjusted by a number that is meaningful and accurate.
Missoula County strongly supports House Bill 471 - Revise local government property tax cap laws in House Taxation tomorrow morning. HB 471 allows the inflation adjustment of the prior year's property taxes to be adjusted at the average inflation rate of the prior three years. This is in stark contrast to the current artificial inflation factor that arbitrarily cuts the three year average inflation rate in half, allowing only 50% of the prior three year inflation average to be used to adjust the previous year's actual assessed property taxes prior to the current year's mill levy calculations. The actual three year average provides a much more accurate barometer of the current economic climate and allows the prior year's property taxes to be adjusted by a number that is meaningful and accurate. Please support HB 471. Respectfully,
Andrew Czorny on Feb. 24, 2015:
ReplyDeleteMissoula County strongly supports the passage of HB 471. This bill allow the inflation adjustment of the prior year's property taxes to be adjusted at the average inflation rate of the prior three years. This is in stark contrast to the current artificial inflation factor that arbitrarily cuts the three year average inflation rate in half, allowing only 50% of the prior three year inflation average to be used to adjust the previous year's actual assessed property taxes prior to the current year's mill levy calculations. Missoula County feels the actual three year average provides a much more accurate barometer of the current economic climate and allows the prior year's property taxes to be adjusted by a number that is meaningful and accurate.
Sending to Representative Wilson this afternoon:
ReplyDeleteMissoula County strongly supports House Bill 471 - Revise local government property tax cap laws in House Taxation tomorrow morning. HB 471 allows the inflation adjustment of the prior year's property taxes to be adjusted at the average inflation rate of the prior three years. This is in stark contrast to the current artificial inflation factor that arbitrarily cuts the three year average inflation rate in half, allowing only 50% of the prior three year inflation average to be used to adjust the previous year's actual assessed property taxes prior to the current year's mill levy calculations. The actual three year average provides a much more accurate barometer of the current economic climate and allows the prior year's property taxes to be adjusted by a number that is meaningful and accurate. Please support HB 471.
Respectfully,