Proposition 9 – Property tax exemption for landlords and business owners
Proposition 9 would provide a property tax exemption for landlords and business owners.
Per KUT News:
House Joint Resolution 1 would increase the property tax exemption for business properties from $2,500 to $125,000 of the market value of their property.
The amendment would apply to personal property used for business purposes — things like inventory, vehicles and supplies. The amendment doesn’t apply to real estate and would impact properties that are owned or leased.
Won’t someone think of the landlords? Give me the largest possible break.
Recommendation: No