Assemblywoman Irene Bustamante Adams participates in a legislative committee meeting at the Grant Sawyer State Office Building on Friday, January 27, 2017, in Las Vegas. (Courtesy: Brett Le Blanc/Las Vegas Review-Journal)
(Victor Joecks, Las Vegas Review-Journal) – Thursday’s legislative hearing on property tax increases showed exactly why you can’t trust politicians.
Local governments are desperate to raise your property taxes, and to do that, the Nevada Association of Counties has proposed AB43. It would create a path to set the floor on property tax increases at 3 percent a year. This year, the cap limited property tax increases in Clark County to double the rate of inflation. Because inflation was 0.1 percent, the cap limited your property tax increases to 0.2 percent.
Instead of telling the public that AB43 will increase your property taxes by eventually raising the floor to 3 percent, “stability” was the word of the hearing.
“This is about stability,” said Jeff Fontaine, executive director of Nevada Association of Counties. “This is about fixing a broken system. This is not again about creating a windfall by getting new revenues for counties or other local government.”
“This is not raising, but keeping stable,” said Assembly Speaker Jason Frierson, D-Las Vegas.
