What is Proposition 2 ½?

Proposition 2 ½ places constraints on the amount of taxes, which the Town can levy and on how much the Town can increase the tax levy from year to year. It provides the Town with annual increases in its tax levy of: 2.5 percent and an additional amount based on the valuation of certain new construction and other allowable growth in the tax base ("new growth"). With Proposition 2 ½, a minimum 2.5 percent increase in the Town's total tax levy can be expected each year. 

Show All Answers

1. What is mass appraisal?
2. What does my assessment represent?
3. What do the assessors look at when determining an assessment?
4. Why did my assessed value increase (or decrease) when I did not do anything to the property?
5. Why did my assessment change a different percentage than the assessment on my neighbor’s house?
6. What is Proposition 2 ½?
7. My assessment increased more than 2.5%. Doesn’t Proposition 2 ½ limit the amount my assessment can increase?
8. What if I disagree with the assessment of my property?