The Effect of Act 1 of 2015
April 17, 2015 | Property Tax
This letter is in response to a request that the Independent Fiscal Office (IFO) estimate the savings to school property taxpayers from statutes that placed certain limits on the ability of school districts to increase millage rates. The constraints on school property tax increases are contained in Acts 1 and 25 of 2015. The remainder of the letter describes the analysis the IFO was able to perform, notwithstanding significant data issues that limit the ability to provide a point estimate.