From the Executive Director: Week of March 14
Major Property Tax Legislation Held House Bill 741, legislation to raise the sales tax from 6% to 7.85% and properties receiving the homestead exemption from paying most nonschool property taxes, will not move forward this session.The legislation proved to be too complex and too big of a change in tax policy to advance this late …
Continue reading “From the Executive Director: Week of March 14”
What to Watch For: Jan. 31 – Feb. 4
Proposed Changes to Circuit Breaker Eligibility Last year, House Bill 389 changed the Property Tax Relief (PTR) eligibility requirements by adding restrictions that disallow residents from qualifying if their homes are valued over 125% of the median residential property value of the county. With this change, many previous qualifiers are no longer eligible. House Bill …