Sentences with phrase «property tax increases above»

All budget options are said to be on the table, including property tax increases above the tax cap, some union givebacks (but not a giveback of their contractual salary increase), and a return of the so - called «nuisance taxes,» including the Real Estate Transfer Tax and the Income Tax Surcharge.

It would block any property tax increase above the inflation rate — unless endorsed by two - thirds of the local governing board.

Not exact matches

Last year, the school board also adopted a budget that increased taxes above the property tax cap to help stabilize finances.

The $ 40 million collected from the short - lived energy - use tax combined with the $ 160 million increase in property taxes brings the total above that threshold.

Any excess above 4 percent is supposed to go toward lower property taxes, increased reserve funds, pay for one - time expenses or lower debt.

TABOR requires that the state and all school districts obtain advance voter approval for any new tax, tax rate increase, mill levy above that for the prior year, valuation for assessment ratio increase for a property class, extension of an expiring tax, or tax policy change directly causing a net tax revenue gain.

Investment properties and second homes are offered no exclusion upon sale and capital gains above the $ 250k joint and $ 200k single amounts would be subject to the 3.8 % tax increase.

Impound accounts substantially increase recurring closing costs (see above) because they require escrow officers to collect an additional three to eight months of property taxes and up to a full year of insurance to «pad» the impound account to make sure there is enough money in the account when the property tax and insurance payments actually come due.