Escalator
|
The initial Maximum Tax Rate will increase by the greater of the annual percentage change in the Lee Saylor Class D Construction Index as of December of the prior year, or 2.00%, commencing July 1, 1998. Each July 1, after the Fiscal Year in which the Assessor's Parcel was first classified as Developed Property, the Maximum Tax Rate will increase by 2.00% per year.
|