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Originally Posted by thinkxingu
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Indeed it is... BUT how much is paid in property tax is controlled directly at the local level by how much the residents allow the town to spend. Cause and effect which seems to be something some can't seem to link together.
Plus - lost in the conversation is the other federal tax changes that offset this cap limit. Typical ignorant induced selective outrage.
Last year I hit that property tax cap so according to FLL my taxes went up right? Nope my federal taxes were lower. The increase in the standard deduction more than made up the difference. However it would be nice if town residents would stop voting for bloated budgets and improvements that are financially irresponsible. 7+ million for a DPW building for the town of Meredith is absolutely abhorrent. That could have easily be done for a fraction of that cost.