There is a bill making it’s way through the legislative process that would eliminate the point of sale tax assessment that replaced the previous 5 year assessment cycle.  The point of sale tax assessment has been held responsible for escalating tax bills as well as the dissolution of countless real esate transactions in both the commercial and residential sectors.  The plan is to revert back to the 5 year assessment cycle, righting what many have felt to be a major wrong since 2007.  Stay tuned for news and updates on this important issue as it progresses.