47 lie in the future, he says, referring to the controls on the growth in taxes and valuation limit. Uniformity of taxation is an important principle in property taxation. It keeps our system fair and simple. Uniformity was required in the original state constitution in 1889 and remains an important constitutional requirement today. 47 does not amend the constitution.
Proponents believe the valuation cap is consistent with the uniformity principle.
Only the state Supreme Court can render a definitive judgment on the constitutionality of the valuation limit. That is, the approach would not violate uniformity. The key provisions of Ref. 47 are generally consistent with the principles associated with good property tax systems. The reduction in the state rate is simple, uniform tax relief.