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Rhode Island Gets Honorable Taxation
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• See
Our Petition Links • RI General Laws FreeWebSubmission.com |
Annual tax levy increases are limited by law, (S3050) and by 2013 the limit will be 4%. Do you think this limit should apply to you as well? It's unreasonable for one homeowner's bill to increase 30%, 50%, or even 100% while another owner to pay lower taxes, in the same year, the same town, living in their same homes? Yet it happens every three years due to revaluation. When our taxes increase, the first reaction is to attack assessments. This is understandable since we are taxed on our property's value. But make no mistake. Even with "perfect" assessments, unreasonable increases will continue for thousands of owners after revaluation. Without revaluations however, a new owner might pay $750,000 for a home yet be taxed on an older assessment of say, $300,000. That's certainly unfair. So revaluations are necessary to assure that new owners pay their fair share of the tax levy. But for the majority of existing owners revaluation can be a disaster. So can we tax both new and existing owners and be fair to everyone? Yes. R.I.G.H.T. eliminates those wild year to year tax fluctuations for existing owners while keeping the benefits of market pricing for new owners. |
We, the undersigned, respectfully request that the proposals offered by R.I.G.H.T. be used as a model to stimulate legislative discussion, debate and ultimately to restore fairness in property tax procedures. Kimberly
Aguiar INSANITY: using the same solutions to a problem and expecting different results. |
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