NASHVILLE, Tenn. (WKRN) — A state bill that would have limited property tax hikes has failed to move forward.
On Wednesday, a state subcommittee tabled legislation that would have limited local governments to property tax increases of no more than 2% annually.
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If a government wanted to go above that percentage, they’d have to create a referendum and let the people vote on it.
“I had a large number of witnesses who are here to testify for this bill,” Sen. Bo Watson (R-Hixson), co-sponsor of the bill, told the subcommittee. “Apparently, they care as much about this bill as the members of this committee do, and none of them have appeared to make it.”…