Are property taxes affected by inflation?

No. To adjust property taxes, the City must initiate a public hearing process called Truth-in-Taxation and decide whether the adjustment is necessary.

The blue bar displays the percentage of growth in property tax revenue received by the City, and the orange bar displays the rate of inflation for that same year. For example, in 2012 the rate of inflation was over 2% and the City’s property tax revenue was less than the previous year by -.25%.


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Show All Answers

1. Why are property taxes important?
2. Where do my property taxes go?
3. Are property taxes affected by inflation?
4. Why have my property taxes gone up if the City hasn't raised them?
5. Why is the tax rate increase needed?
6. How long will this increase sustain the City?
7. How does Murray City stack up against other cities? Is the City being cost effective?