欧博allbetAssessor's Office
The 1% Property Tax Limits
Frequently, our citizens ask, "I thought my property taxes could only increase 1%?" The 1% limit is often discussed in the media but not often explained. The 1% increase limit applies to the amount of property tax collected by tax districts. The 1% increase limit does not apply to individual property tax payers.
If a tax district was able to collect $100 in property taxes last year, the amount they may collect this year will increase to $101 plus an allowance for new construction. Typically, increases in your overall tax bill are driven by two factors:
1) voter-approved levies which are not subject to the 1% increase limit, and
2) an increase in your assessed value if the increase is larger than the typical increase in value.
Your property tax increase cannot be appealed. You may, however, appeal the assessed value established on your property within 60 days of the date on your Notice of Value if you believe the assessed value is greater than the market value of your property.