Homeowners
Home Rule will positively impact homeowners by reducing the reliance on ever-increasing property taxes to fund essential city services. Instead, Home Rule allows Lancaster to diversify its revenue sources, including a modest adjustment to the Earned Income Tax, which is tied to wages rather than property value. This shift ensures that homeowners are not disproportionately burdened by rising housing costs and taxes, helping to maintain affordability and long-term financial stability while still supporting vital services like public safety, infrastructure, and parks.
Renters
For renters, Home Rule offers relief from rising housing costs driven by increasing property taxes. As property taxes go up, landlords often raise rents to cover the added expense, putting more pressure on tenants. Home Rule shifts some of the tax burden to earned income taxes, which are based on what people earn rather than the value of the property they live in. This approach helps stabilize rent prices, making housing more affordable for renters while still ensuring that the city has the funds it needs to provide essential services like public safety and infrastructure.