SF0153HS001

This amendment reduces the taxable value rate for residential real property from 9.5% to 8.3%, increases the owner-occupancy requirement from 6 to 8 months, and adds an exemption for active duty military members deployed outside the state.

• Reduces the taxable value percentage for residential real property, including owner-occupied primary residences, from 9.5% to 8.3%. (Page 2, lines 11-12 and Page 3, lines 19-20)
• Increases the minimum number of months an owner must reside in a property for it to qualify as an owner-occupied primary residence from 6 months to 8 months of the tax year. (Page 2, line 21)
• Adds an exemption to the owner-occupancy requirement for active duty members of the armed forces who are deployed outside the state. (Page 2, lines 22-23)

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