HB0169H2003

This amendment reduces the homeowner tax exemption threshold from one million dollars to four hundred fifty thousand dollars.

• Reduces the fair market value threshold for the homeowner tax exemption from one million dollars to four hundred fifty thousand dollars, meaning the 50% exemption will only apply to the first $450,000 of a residential property's fair market value instead of the first $1,000,000. (Page 2, lines 11-12)

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