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Amends Constitution: Reduces and Limits Property Taxes; Limits Local Revenues, Replacement Fees One of the most ungodly taxes on the American scene is the tax on property. The clear implication is that all property belongs to the State. The Bible says all the earth belongs to King Jesus, and He warns state and citizen alike not to steal. This Measure rolls back property taxes, and is thus another “baby step” which we advocate a YES vote on. "Yes" vote reduces current property taxes; limits future increases; limits local revenues and replacement fees. "No" vote retains the existing property tax system with current limitations on property tax rates. SUMMARY: Amends constitution. Limits 1997-98 property taxes to lesser of: 1995-96 tax minus 10 percent, or 1994-95 tax. Limits future annual property tax increases to 3 percent, with exceptions. Limits revenue available for schools, other local services funded by property taxes. Local governments' lost revenue may be replaced only with state income tax, unless voters approve replacement fees or charges. Provides no system for spreading revenue cuts among local governments. Restricts new bonds. Tax levy approvals in certain elections require 50 percent voter participation. Other changes. This voters' guide produced by Parents Education Association, PAC. |
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© 2002 PEAPAC All rights reserved. P.O. Box 847 Canby, OR 97013 ~ Voice: (503) 263-8337 ~ Fax: (503) 263-7438 ~ E-mail: ElderDT@aol.com Website designed by Frogs and Flies Designs. |
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