Transfer Of TitleTaxesMEDIUM
Massachusetts Proposition 2½ limits:
Correct Answer
B) Annual property tax levy increases to 2.5%
Proposition 2½ limits annual property tax levy increases to 2.5% plus new growth.
Answer Options
A
Sales taxB
Annual property tax levy increases to 2.5%C
Income taxD
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Many states have laws to limit how much property taxes can increase each year, regardless of market value fluctuations.
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