Primary Residence Credit?

[tikkalover]

It’s a maximum of 3% on your current property tax. BUT they take the value up on your property to get the extra taxes they want for the upcoming year. There are no laws in place say that they can’t increase your property value.

 

[Obi-Wan]

My property taxes went from 1,000 a year to 5,000 since 2020....where does it stop?

With a yes vote

 

[eyexer]

It’s a maximum of 3% on your current property tax. BUT they take the value up on your property to get the extra taxes they want for the upcoming year. There are no laws are in place say that they can’t increase your property value.

So in a nutshell they can only increase what you pay by 3% each year. That’s how I understood it. Doesn’t matter what they do with your valuation they can still only raise “what you pay” by 3%

 

[Twitch]

So in a nutshell they can only increase what you pay by 3% each year. That’s how I understood it. Doesn’t matter what they do with your valuation they can still only raise “what you pay” by 3%

Pretty sure the 3% doesn’t apply at all to increases in home valuations, so that’s how they’ll continue to raise your liability without “raising property taxes” more than 3%

 

[eyexer]

That’s all a moot point if they can’t raise what you owe from year to year by more than 3%. They can raise your valuation by 100k but it will only increase your tax 3%

 

[Wally World]

That’s all a moot point if they can’t raise what you owe from year to year by more than 3%. They can raise your valuation by 100k but it will only increase your tax 3%

Keep telling yourself that and then check this years new tax statement! Do some research and you may find that the 3% Cap is not for individual homes but for the local taxing entity. as per House Bill 1176 passed in 2025. Your neighbor's house could go up 1% and yours could go up 5% to be in compliance with the new law as long as the total is capped at 3%. That's why I said earlier that you better go buddy up to the taxman. That's how the system works!

 

[Twitch]

Yep that’s how I understand it as well

 

[eyexer]

Keep telling yourself that and then check this years new tax statement! Do some research and you may find that the 3% Cap is not for individual homes but for the local taxing entity. as per House Bill 1176 passed in 2025. Your neighbor's house could go up 1% and yours could go up 5% to be in compliance with the new law as long as the total is capped at 3%. That's why I said earlier that you better go buddy up to the taxman. That's how the system works!

Very interesting. So in essence the legislature sold us out again. No surprise. And you wonder why measure 1 passed lol.

 

[johnr]

And it will fail every time….or the kids will be stupid, malnourished, and just walk around bumping into stuff

Haha, love this response.
The kids will all get gobbled up by the boggiety man

 

[agriffith]

Haha, love this response.
The kids will all get gobbled up by the boggiety man

It's not always about the "boggiety man". After the $1600 credit last year, my real estate taxes were about $237.00. Until someone can show me it won't cost my wife & I more than that, I will vote no. Someone just needs to come up with a solid plan and people will come around. In my opinion, just eliminating it and depending upon our legislature to handle it isn't a good solution.

 

[johnr]

It's not always about the "boggiety man". After the $1600 credit last year, my real estate taxes were about $237.00. Until someone can show me it won't cost my wife & I more than that, I will vote no. Someone just needs to come up with a solid plan and people will come around. In my opinion, just eliminating it and depending upon our legislature to handle it isn't a good solution.

You lucked out, after the credit we received it was still higher than what we paid just 4 years earlier.

Agreed there needs to be a plan, but as long as we keep bending over the plan will not transpire.

 

[eyexer]

You lucked out, after the credit we received it was still higher than what we paid just 4 years earlier.

Agreed there needs to be a plan, but as long as we keep bending over the plan will not transpire.

This is proof that the legislature knows exactly what they’re doing. They’re making it look like they’re doing something when they really aren’t. Until we eliminate property taxes they will continue to bend us over. I mean my god look at the cash this state has hoarded away. 50% of our taxes go to schools which is supposed to be all funded by the common schools land trust. Which has billions of dollars in the fund. It’s totally asinine