Re: Property Tax Vote
It won't lower property taxes at all. Sure you get double the exemption but the counties will have to increase the millage rate to recoup the lost tax base. In the long run all property taxes should stay about the same; just changes who pays more or less than before.
What it really does is shift the tax burden. The winners are those that move often (they can take their SOFH savings with them) and businesses since their personal property tax will be reduced. Thus it has the tendancy to reduce taxes on young families and businesses at the expense of the residents especially retirees who stay put. So folks, in about two years you'll be saying: "Hey I thought this was suppose to lower our tax, not raise it!"
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