Prior to this CPI change, there was an article in the newspaper that Clinton wanted to tax private home owners an amount that they would pay IF they were renters! From all appearances, everybody ridiculed his idea & people forgot about it, never knowing it was being written into law...the CPI.
The only thing I have found on Internet is a government document. Yeah, one of those.
Way down in it, this renters' tax is mentioned. There is also mention of implementation being experimental and discretionary.
My own County is taxing private property owners an additional 2.78% (for 2002 - the tax fluctuates) over and above our 10% valuation. Why? According to the government, because our County has more than a 20% poverty rate!
The Tax Assessor talks above and around any questions on why the federal government is dictating to local communities. Letters to our State Senator - he's just as clueless as we are.
I sure would love to know more, especially in that this is an election year.
I went looking for that, but found nothing. Please send information. Or, post it here.