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Taxation

Local Property Taxes Down for Sixth Consecutive Quarter

The Rockefeller Institute of Government released a report Monday that shows property tax revenue declined 2.8% in the first quarter of 20120, marking the sixth consecutive quarter when collections were adjusted for inflation.

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Comments (1)
A signinficant part of the problem is that valuation caps preclude the possibility of making up value as quickly as it was lost. For example, with a cap of 10% per year on value increases it will take almost three years to make up the
Posted by Mike A | Tuesday, July 17 2012 at 8:53AM ET
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