Quote:
Originally Posted by kkingston57
Not to be negative but homestead exemption only lessens the value of your home by $50,000 and will have a minor impact. You did not mention what you paid for the home. On bright side your future taxes can not increase more than 3%.
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I believe this is a somewhat False statement. Your assessed valuation of your home can not go up by more than 3% (the difference in the assessment each year is added to the Save Your Home exemption) but the tax milage rate is not capped.