Comment 42122

By A Smith (anonymous) | Posted June 17, 2010 at 17:34:42

Jason >> The only thing holding Hamilton back is an outdated mindset that refuses to change with the times.

I agree that Hamilton should strive to be more like Portland. In Oregon, they have a law that caps property tax rates at 1.5% of assessed value...

http://en.wikipedia.org/wiki/Oregon_Ballot_Measure_5_%281990%29

plus a law...

http://en.wikipedia.org/wiki/Oregon_Ballot_Measure_50_%281997%29


that limits assessment growth to 3% per year, save for new construction or additions. This means that if property values rise faster than 3%, the government is still limited in how much they can tax and spend. Boston has a similar law.

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