Looking for michigan tax proposal A date 1994?

Question

I want to know the property tax guide lines. Did the proposal mandate that property taxes had to be increased every year or did it say that if they were increased, the increase could not exceed 5%????

Answer 1

Here is the wording of the Proposal:

"A proposal to increase the state sales and use tax rates from 4% to 6%, limit annual increases in property tax assessments, exempt school operating millages from uniform taxation requirement and require 3/4 vote of Legislature to exceed statutorily established school operating millage rates. The proposed constitutional amendment would:

Limit annual assessment increase for each property parcel to 5% or inflation rate, whichever is less. When property is sold or transferred, adjust assessment to current value.
Increase the sales/use tax. Dedicate additional revenue to schools.
Exempt school operating millages from uniform taxation requirement.
Require 3/4 vote of Legislature to exceed school operating millage rates.
Activate laws raising additional school revenues through taxation including partial restoration of property tax.
Nullify alternative laws raising school revenues through taxation, including an increase income tax, personal exemption increase, and partial restoration of property taxes.

Should this proposal be adopted? Yes___ No___"

Nothing in that wording mandates that property taxes have to be increased every year.

Answer 2

in undemanding terms till now the creation of the pollTax, interior attain government earnings grew to develop into into raised via 'costs' each ingredients had a 'rateable value' and the interior attain councils raised earnings via charging a fee at plenty indoors the £a million. So, in the journey that your place had a rateable value of £500 and the fee grew to develop into into 50p indoors the £a million you paid £250 costs. This grew to develop into into seen via Margaret Thatcher and her cronies as being unfair - as an occasion between the perceived subject concerns grew to develop into into that in case you had a street with comparable residences yet with one council masking section and yet yet another council the different section distinctive costs have been paid. additionally it took no account of occupancy - so an previous pensioner residing around the corner to a relatives of 5 all working paid an identical quantity. So the plenty extra beneficial unfair pollTax grew to develop into into provided, unfair employing certainty it grew to develop into into 'regressive', i.e. took no account of the means to pay. Margaret Thatcher grew to develop into into by employing no means one for analyzing from historic past - the 14th century Peasants rebellion arose employing an unfair polltax. indoors the tip, it extra approximately Thatcher's downfall, the main substantial government and the Council Tax - which particularly isn't plenty extra beneficial constructive. the speedier a interior attain earnings tax or revenues tax is provided into the united kingdom, the extra beneficial constructive.