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<blockquote data-quote="lunkerslayer" data-source="post: 430666" data-attributes="member: 217"><a href="https://taxfoundation.org/research/all/state/property-tax-relief-reform-options/#:~:text=Rate%20limits%20are%20intended%20to,or%20even%20freeze%20rates%20outright" target="_blank">https://taxfoundation.org/research/all/state/property-tax-relief-reform-options/#:~:text=Rate limits are intended to,or even freeze rates outright</a>.Rate limits are intended to restrict consciously adopted tax increases, limiting the authority of local government officials to adopt a tax increase. They may cap the amount of a rate increase in a given year, establish a maximum allowable rate, require voter authorization to raise taxes, or even freeze rates outright. Under rate caps, collections can rise unimpeded if property values grow or if new construction is added to the property tax rolls, but policymakers are constrained in their ability to increase millages on those properties.</blockquote>

[QUOTE="lunkerslayer, post: 430666, member: 217"] [URL='https://taxfoundation.org/research/all/state/property-tax-relief-reform-options/#:~:text=Rate%20limits%20are%20intended%20to,or%20even%20freeze%20rates%20outright']https://taxfoundation.org/research/all/state/property-tax-relief-reform-options/#:~:text=Rate limits are intended to,or even freeze rates outright[/URL]. Rate limits are intended to restrict consciously adopted tax increases, limiting the authority of local government officials to adopt a tax increase. They may cap the amount of a rate increase in a given year, establish a maximum allowable rate, require voter authorization to raise taxes, or even freeze rates outright. Under rate caps, collections can rise unimpeded if property values grow or if new construction is added to the property tax rolls, but policymakers are constrained in their ability to increase millages on those properties. [/QUOTE]

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