Quote:
Originally Posted by Bunk
When the City says the "property tax increase is 5.5%" - what that actually is indicating is how much more revenue the City is taking in from property taxes over the year before - not the individual's increase. So if there's a 2.5% increase in population - you have 2.5% more people paying into a 5.5% increase in revenue.
|
But see that is very different.
The way it was presented previously said that an increase in population was
requiring an increase in property tax.
Now you're saying is that an increase in population is
resulting in an increase in tax collected.