Increased homeowner exemption clears committee
If approved, starting July 1, 2023….Homeowners between 60 and 65 years old would get $85,000 of their property value exempted from property tax instead of $80,000. Those between 65 years old and 70 years old would get a $90,000 exemption, a new category. Those 70 years old to 75 years old would get a $105,000 exemption, compared to the current $100,000. And those 75 years and older would get $110,000 of their property value exempted.
