[ITD]

Originally Posted by wifi

Here is how one state, with many winter homes and lots of non resident traffic handled it:
http://www.pbcgov.com/papa/Exemption.htm
http://www.pbcgov.com/papa/SaveOurHomes.htm

Interesting concept, they have been doing it for 12 years.

I think a cap on property value increases is not the way to do it. ( Hopefully I read the link right.) If a property is underassessed it should be fixed quickly when found. Everybody should pay their fair share, and in property tax that fair share is base on the assessed value of your property which is base on what you could sell it for. A cap on property value increases does not address the problem which is politicians wasting your money. A cap on the tax levy addresses this problem nicely. The politicians need to ask permission to spend outside of their means (which is the tax levy). The voters can say no. It's a nice system that makes pols a little more honest although it is not perfect.