Assessor warns state rollback changes could broaden tax base, hurt small towns
Hamilton County's assessor told the conference board that proposed state legislation to change valuation cycles and alter rollbacks could expand the taxable base and create larger valuation swings between revaluations, complicating local budgeting.
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The assessor told the conference board that two bills under consideration at the state level would change revaluation cycles and could eliminate or reduce the rollback mechanism used to limit taxable portions of property value.
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