Repealing the Required Local Effort (RLE) school tax is proposed as top property tax reform.
RLE is a nearly $11B burden, not subject to homestead benefits or rollback protections.
RLE's legality is questioned due to its state-mandated nature and lack of local control.
Phasing out RLE: cap at $10B, then ↓ $1B yearly over ten years; no constitutional amendment needed.
Repealing RLE offers significant impact with low political resistance, says Matt Caldwell.
This content is for educational purposes only and does not constitute investment advice. Past performance is not indicative of future results. Advisory services offered through Davies Wealth Management, a Registered Investment Adviser. Please consult a qualified financial, tax, or legal professional regarding your specific situation.
Leave a Reply