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55V35lM t1_j6bqpyv wrote

Reply to comment by BikeInWhite in Question about Henrico personal property tax? by Worsebetter

May be an age thing but it used to be worse. Gov Gilmore, who campaigned on eliminating the car did manage to reduce it by a large percentage but not eliminating it.

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JeffRVA t1_j6d1u28 wrote

And blew a massive hole in the state budget in the process.

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Dramatic_Barracuda55 t1_j6dftnt wrote

Stupid government spending did that.

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JeffRVA t1_j6dgi72 wrote

Actually as I recall the state was having big surpluses similar to now so he campaigned on eliminating it using those funds. Then the Dot Com Bubble popped around 2000 and the recession hit causing a massive drop in revenue. The state ended up having to cap the rebate and it’s never been raised resulting in increasing taxes each year because the amount has to be spread among more people.

Edit to add, the “stupid government spending” you’re referring to is stuff like schools and other local services. The car tax and other property taxes go straight to localities to pay for stuff like that, not to the state.

Not sure why my original comment is being downvoted unless the people doing so aren’t old enough to remember this is what happened.

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