• Home
  • News
    • Business
    • Crime / Courts
    • Health / Medicine
    • Legislature
    • Politics / Govt
  • Sports
    • The Bill Pollock Show
  • Contact Us
    • Reporters
  • Affiliates
    • Affiliate Support

Missourinet

Your source for Missouri News and Sports

You are here: Home / Legislature / Effort to keep property taxes low could choke off services

Effort to keep property taxes low could choke off services

April 9, 2008 By admin Leave a Comment

An effort to limit how high your property taxes can grow could choke off the money needed to run your school district or pay for your city services.

An amendment sponsored by Rep. Cynthia Davis (R-O’Fallon), and drafted onto the Circuit Breaker bill, ties any voter-approved property tax increase to the previous assessment. She argues that homeowners simply want to know what they will pay under a levy increase and if it is based on the previous assessment, they can be assured about their new tax bill.

Rep. Rachel Bringer (D-Palmyra) worries about the wording of the amendment offered by Davis. Bringer says the wording could be interpreted that assessments are frozen to the year prior to the tax increase, until voters approve another tax increase. She also says the amendment doesn’t take into account new construction, which would keep school districts and local governments from the benefits of natural economic growth. Bringer says the amendment could defeat the benefits derived from a voter-approved tax increase.

The amendment has now become part of a bill that enhances the Circuit Breaker program, a program that provides property tax relief for senior citizens. HB 1321 is sponsored by Rep. Mike Sutherland (R-Warrenton), who has combined his bill with HB 1695 sponsored by Rep. Clint Zweifel (D-Florissant).

Under the bill, an elderly person could qualify for the property tax break if they make up to $32,500 annually. The current Circuit Breaker program contains a $27,500 ceiling. A couple could make up to $43,000 under the bill. The minimum credit allowed under the program would increase from $750 to $1,100. The Circuit Breaker program was established in 1996. It has changed little since.

Download/listen Brent Martin reports (:60 MP3)

Share this:

  • Facebook
  • Twitter

Filed Under: Legislature Tagged With: Department of Revenue

Subscribe to our daily newsletter

Leave a Reply Cancel reply

Your email address will not be published.



Tweets by Missourinet

Sports

Cardinals on the wrong end of pitchers duel

The St. … [Read More...]

Royals rally to avoid sweep by Rays

Salvador … [Read More...]

Walks, errors doom Royals in loss to Rays

Brad … [Read More...]

Cardinals lose lead late, waste stellar Wainwright start

The St. … [Read More...]

Missouri State earns bearth into FCS Football Playoffs

For the … [Read More...]

More Sports

Tweets by missourisports

Archives

Opinion/Editorials

TwitterFacebook

Copyright © 2021 · Learfield News & Ag, LLC