Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is a Fiscal Disparity tax?

April 26, 2017disparity fiscal tax

0

Posted

What is a Fiscal Disparity tax?

1 Answer

0

Posted

Fiscal Disparity is a program that provides for tax base sharing throughout the seven-county metro area. A percentage of the value of each commercial/industrial parcel in the seven-county area is taxed at a uniform rate. That portion of the tax is listed on the tax statement as Fiscal Disparity tax. The remainder of the value is taxed at the local tax rate. Fiscal Disparity tax is not an additional tax; rather, commercial/industrial property is taxed at two different rates. The Fiscal Disparity amounts are then redistributed to all taxing districts in the seven-county metro.