Property Tax Relief Program
March 30th, 2010 | by admin |
The Property Tax Relief Program is meant to provide relief between $25 and $200 to City homeowners hit hardest by increases to their 2008 property tax bill for their primary residence. This program is needed largely because of the phase-out of the state law that put a 7 percent cap on the annual increase in the taxable value of home property, and because the drop of this year’s exemption under that law went to $20,000 from $26,000.
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