Proposition 2½ FAQs

What is Proposition 2½?

Does Proposition 2½ mean that my taxes cannot increase more than 2½% per year?

How does Proposition 2½ limit property taxes?

How does Proposition 2½ affect my individual tax bill?

What is the Classification Amendment and how does it work with Proposition 2½?

Does Proposition 2½ allow increases in the tax levy?

What are the relationship of property values and the tax rate?