Would A Tax Extension Limitation Law for Woodford County make a difference?

Here is the change in the Consumer Price Index (inflation), year-to-year from 1990-2004.















Now here's the change in Woodford County's EAV (property tax) for those same years.

It's a little hard to read, but notice that the compound annual growth rate is 6.9% while inflation based on the CPI index was just under 3.1%.

Theoretically, the Property Tax Extension Liability Law (PTELL), had it been available and in effect for these years would have bridged the gap between those numbers somewhat.