Officials: state growth limits keep Hamilton County from fully capturing valuation increases
County officials said actual valuation growth—about 5.93% for the general levy and 6.79% for rural—exceeded state-imposed caps (described in the hearing as 2% general, 3% rural), constraining how much property-tax revenue the county can raise.
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County officials told residents the county’s valuation growth outpaced statutory growth caps imposed by the state, limiting how much additional property-tax revenue the county can collect. Chair (S2) said actual growth for the general levy was roughly 5.93%, but the state’s limitation for that levy is 2%; for the rural basic, actual growth was about 6.79% and the limitation described in the hearing is 3%.
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