Hidden Consequences: Lessons From Massachusetts For States Considering A Property Tax Cap

Source: Phil Oliff and Iris Lav, Center on Budget and Policy Priorities, May 21, 2008

From the summary:
In 1980 Massachusetts voters approved Proposition 2 ½, which mandates that property tax revenues not exceed 2.5 percent of a community’s assessed value and that a community’s property tax revenue not grow by more than 2.5 percent a year.

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