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Property owners face a tax rate set at the no-new-revenue level, resulting in an estimated $13 annual increase for the average homestead.
At a glance
Rising — being discussed more frequently. 1 mention in the last 30 days.
Generates property tax revenue based on a no-new-revenue rate of $0.415613, increasing the average homestead tax bill by about $13 per year.
Taxpayers benefit from a rate that does not generate new property tax revenue growth from existing properties beyond statutory limits.
Property owners seeing declining commercial and residential valuation adjustments.
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