Amendment 1 will essentially allow a total of $75,000 in deductions for homes valued at $125,000 or more. Amendment 2 takes away the 10% per year assessment cap on non homestead homes. As a resident what do I have to lose if voting yes on Amendment 1 and no on amendment 2 ? Is not the worst that can happen is the towns raise the millage rate to make up for the loss - which still puts me even. By voting no for amendment 2 perhaps that will be some of the offset required for amendment 1 if housing assessments keep rising rapidly. Yes I feel bad for non residents however they knew the rules going in (akin to covenants when you purchased you house). Just like no state income tax that we enjoy, it relies on tourism to fund the budget. Owning a house without residency is a form of tourism. Is it not?
Last edited by rustyp; 10-24-2018 at 07:13 AM.
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