The House passed a measure to force local governments to reduce their property tax rates whenever rising home values cause their tax revenues to increase by more than the rate of inflation.
Sponsor of the bill Representative Charles Portwood from St Louis area says the proposed amendment is a broad-based package to bring tax relief to the voters.
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|Description: "We are doing that for the voters in the district...We are doing it for the seniors in our district who can no longer afford to live in their house because of the tax rates have moved them out..."|
But a couple Democratic critics argue that the amendment has absolutely no relief mechanism for elderly house owners.
Reporting from Jefferson City, this is Suvro Banerji.
The Missouri House passed a proposed constitutional amendment that would mandate local governments to roll back their tax rates.
Proponents say the measure would prevent the schools, counties, cities and other local branches of government from gathering unexpected tax money when home values rise up.
But Democratic Representative from north-central Missouri Joe Aull say the proposed amendment would not necessarily be a tax break, but could be a tax increase.
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|Description: "Since this bill would require to roll the levy back two years in a row, I think a lot of schools will say- I am not rolling back to first year- and if they don't roll it back to first year, that will be a tax increase."|
Upon approval, the proposal would appear either on the November ballot or at an earlier special election if called by the governor.
From Jefferson City, this is Suvro Banerji.