Property Tax Cap To Hit 5% Limit For First Time In 2022 – Civic Federation

For the first time in over three decades, inflation will be well over 5.0%, thus allowing affected governments to increase their levies up to the 5.0% PTELL limit if they so choose. In contrast, the inflation linked PTELL limit in tax year 2021 for taxes payable in 2022 was only 1.4%.

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