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RS-4 Property Tax Reform (A) <br />addressed within the above tenets. <br />The League has formed a technical committee to review and respond to the <br />details of major property tax reform proposals as they are proposed, <br />Many significant changes in the property tax system are currently being <br />considered. The 1, ague believes it is critical that any proposal be evaluated <br />on the basis of its impact on individual communities. A proposal that may <br />appear balanced on a statewide basis can have very disparate effects on <br />individual cities. <br />The difference in property tax burdens among taxpayers living in <br />neighboring tar. jurisdictions which provide similar services must also be kept <br />within reasonable limits. Any significant tax burden disparities would <br />adversely affect cities' abilities to compete on a fair basis for residents and <br />economic development. <br />Tax increment districts are dependent on the mill rate and assessment <br />ratins of the current property tax system. The financial viability of those <br />projects should not be jeopardized by state -imposed changes in the tax <br />structure. Likewise, enterprise zone businesses have been recruited based on a <br />commitment that they would receive a preferential classification ratio in the <br />calculation of their property tax obligations. These development districts <br />should be protected from any negative consequences of tax reform. The tax <br />increment financing plan in effect at the time legislation is passed should be <br />the basis for determining remedies. <br />-62- <br />