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1997 SESSION

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HB 1961 Property exempt from taxation for elderly and disabled.

Introduced by: John H. Tate, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY:

Property tax exemption for elderly and disabled. Increases the maximum amount of net combined financial worth that a locality may allow an owner of property to have in order to qualify for a property tax exemption for the elderly and handicapped from $75,000 to $100,000. In certain urban localities, the maximum net combined net financial worth amount remains at $150,000. The net combined financial worth limitations exclude the value of the dwelling and one acre of land.


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