I think that's a really good thing. The other thing is people say, well if you do this then they're just going to try to tax the small businesses. Well Right now they can raise the valuation, the assessment by 10% a year on small businesses or any business. But the small we care about this cuts that in half. So it's a 50% reduction in their tax exposure compared to current constitution and current law. (56:21–56:32)
CLAIM
Asserts that current law allows property tax assessments to increase by 10% annually for businesses.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
