Friday, August 14, 2009

County Equalization Tax Could Come Back On-line

Unless something significant happens Monday the three-year disruption of the County Equalization Tax will be lifted. This will bring approximately $250,000,000 annually in revenue to the state.

The average homeowner will see a $7-$10 monthly increase in their property tax.

This tax was not collected for three years as part of a deal with then-governor Napolitano. She leveraged the temporary tax decrease in exchange for full implementation of all-day Kindergarten.

The Republicans have made its permanent repeal a major part of their legislative platform for the past two years.

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