Property taxes (Cities and ISDS) based on rising (assessed) values on homes in McKinney, Prosper, and other Collin county nearby towns (due to exploding population growth as a result of corporate jobs moving here) are choking longterm resident taxpayers, particularly those who have no desire to move or sell and would like to continue to live here, including but not limited to young families, single individuals, and elderly. People are being forced to sell as they can no longer afford to pay their property taxes due to the population growth brought about by job growth, and in some cases, taxes have nearly doubled, due to assessed values. Therefore, the resident taxpayers of McKinney, and any other resident taxpayers within Collin County who therefore agree by signing this petition, hereby humbly request some immediate changes to provide tax relief to the people as such:
1. We ask for the elected officials of the Collin County Review Appraisal Board and the elected officials of the City of McKinney Council including City employees, along with other elected appropriate officials throughout Collin County including school boards, to institute a 2.5% overall growth tax cap, understanding that anything over that amount would require an election for voters with 2/3 approval.
2. We the taxpayers of Collin County also request elected county and city officials to review and consider changing the old way of how taxes are done, that they no longer be based on assessed values, but on purchase price of a home along with a 2.5% taxing entity cap. Basing property taxes on assessed values is discrimination against residents who do not want to sell.
3. We the taxpayers of McKinney who have signed this petition, along with other Collin County residents, hereby humbly request that City employees and elected officials of respected offices no longer use taxpayer money to fund lobbyists to lobby against the interests of its citizens, as some cities recently have by lobbying against property tax caps.
Your taxpayers need immediate relief. NOW.