November Ballot Might Include Property Tax Freeze Referendum
first Posted at First Electric Newspaper
A new rural McHenry County State Rep. Jack Franks bill to stop property tax increases went to the House Rules Committee Friday. Franks’ measure introduced Thursday would put an advisory referendum on the November ballot calling for a freeze on property taxes if underlying property values fall.
“Every day I hear from property owners outraged and shocked that their property tax bills continue to go up despite the fact that their home values have declined dramatically in recent years,” Franks said. “It should be fundamental that when property values decrease, property taxes should not increase.”