Quote:
Originally Posted by JMintzer
No, not initially, if we bought at the same time...
The homestead act only limits the rate increase...
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Homestead subtracts $25K or $50K from the taxable value before applying the millage rate. Save Our Homes limits taxable value increases to 3% per year. Neither limits the tax rate.
On day 1, a new resident and a new snowbird will pay the same. By year 2 the full time resident should be paying less.
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Why do people insist on making claims without looking them up first, do they really think no one will check? Proof by emphatic assertion rarely works.
Confirmation bias is real; I can find any number of articles that say so.
Victor, NY - Randallstown, MD - Yakima, WA - Stevensville, MD - Village of Hillsborough
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