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The act of keeping a certain areas property tax low instead of a percentage of what properties around them have sold for. A grandfather clause allowing lower income people to keep current tax rate until their property is sold.
With the increased amount of people moving to Austin the state could benefit from a anti-gentrification law that allows homeowners who have lived there more than 20 years to keep their existing tax rate.
by 4dppl July 08, 2020
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Apr 20 Word of the Day
A term used to reference cannabis/marijuana/weed.
This Jazz Cabbage got me zooted. Jazz Cabbage is less harmful than Squares. I’m smoking that Jazz Cabbage boy.
by Gypsiehood97 December 30, 2017
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