Property tax measure could cost state about $1.3 billion per year, estimate shows
A proposed statewide property tax reform measure would cost the state about $1.3 billion each fiscal year, according to a state estimate.
Adam Mathiak, senior fiscal analyst for Legislative Council, provided the estimate to the Legislature’s Government Finance Committee during its meeting.
A proposed measure would end property tax based on assessed value and rely on the state to fund budgets for counties, cities and school districts.