§ 65-33. Property tax revenue limitations.

A. 

Property tax revenue shall be limited to the extent it increases the property tax rate in the subsequent year.

B. 

Property tax rates shall not increase in the subsequent year by more than 4% of the property tax rate.

C. 

Notwithstanding any other provision of law to the contrary, the Town Board shall not increase property taxes from the previous year in any amount that would increase the total property tax rate by more than 4% over the previous year for Town budget purposes, including Town-Wide General Fund and Part Town General Fund, except for special and improvement district expenditures, including but not limited to water, streetlight, sewer, park, fire protection, ambulance, special road improvements and other similar special and improvement district purposes.