Article “City faces tax hike” states:
“Faced with additional costs for police and firefighter salaries and pensions, Lancaster Mayor Rick Gray on Tuesday proposed a budget with a 1 mill increase in real estate taxes. The increase would about $75 to the tax bill of the average city home, valued at $75,000.”
WATCHDOG: Incorrect. Taxes are levied on Assessment, not Market Value. This corrects for the time elapsed since the last reassessment of the county.
According to the State Board of Equalization, the ratio of Assessment to Market Value for Lancaster in 2012 is 76%. Thus a house with a market value of $75,000 would be assessed for $57,000 and the added one mill cost to the home owner would be $57 rather than $75.
Another prime example of LNP not giving the true facts. Don’t thesew reporters ever check their research??? Doythey ever bother to do any legitimate research???
What a JOKE!!!!!!