Will property tax relief help you?
The Legislature’s proposed changes to the way counties, cities and school districts levy property taxes could save you thousands of dollars per year.
Or not.
Some changes could mean dramatic savings for owners of businesses or second homes but do little for year-round homeowners. On the other hand, a proposal to double the $25,000 homestead exemption would help only homeowners. Eliminating school taxes — to be offset by higher sales taxes — would mean savings for nearly every property owner in the state.
Lawmakers haven’t decided yet.