WASHINGTON, DC - MAY 15: U.S. Speaker of the House Rep. John Boehner (R-OH) (R), House Majority Whip Rep. Kevin McCarthy (R-CA) (C) and House Majority Leader Rep. Eric Cantor (R-VA) listen during a news conference after a closed House Republican Conference meeting May 15, 2013 on Capitol Hill in Washington, DC. Boehner spoke on various topics, including reports that the Internal Revenue Service targeted Tea Party groups for additional scrutiny.
With school bonds and overrides, there’s no mechanism that those taxes go down when the values go down ... It matters little if bonded debt was based on an overly optimistic view of taxpayer growth because bonds that have been sold need to be paid back.
Your property taxes aren’t simply based on the value of your property. They’re based on the budgets of the many jurisdictions that tax your property, and they’re also based on voter activityMore quotes »
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