Are there limits on property tax increases?

Yes, there are limits on property tax increases. First of all, most taxing districts have limits on the tax rates they may charge. Second, districts other than schools are limited to annual increases of 3% plus an allowance for growth on a portion of their budgets. The growth allowance is determined on the basis of new construction and annexation that occurred during the previous year.

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1. How is property assessed?
2. What is market value?
3. How often are property values adjusted?
4. How can my property be assessed on improvements when I haven’t made any?
5. What makes property real or personal?
6. How do I know what value the assessor has estimated for my property?
7. How is my property tax determined?
8. What if I disagree with the value the assessor estimated for my property?
9. When will I get my property tax bill?
10. How can my taxes go up if my property’s taxable value does not increase?
11. Are there limits on property tax increases?
12. Why do I pay higher taxes than my neighbor?
13. Is any tax relief available to homeowners?
14. What is an occupancy tax?
15. What if I can’t afford to pay my taxes?
16. When must property taxes be paid?
17. What happens if my taxes aren’t paid on time?
18. How can I get more information about my property taxes?