Proposition 2 1 / 2

About Proposition 2 1 / 2

Proposition 2 1 / 2 places limits on the total amount of tax levy that can be raised by a city or town. It does not include voter-approved debt exclusion overrides, nor does it apply to an individual tax bill. Each individual tax bill is affected by the change in the value of that property compared to changes with all other property, and the change in the tax rate.