VOTE: Setting Property Tax Yield (H.492) - March 30, 2023
The House took up a bill, H.492, on the floor Thursday that sets the statewide yields which determines local property tax rates. The average rate would decrease in FY2024, but much of that decrease will be “masked” by the Common Level of Appraisal (the leveling mechanism to account for disparities between when towns last did an appraisal) and school district spending.