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House finance panel hears bill to tie homestead tax phase‑out to house‑price index
Summary
Lawmakers heard testimony on House Bill 4088, which would raise the taxable‑value phase‑out for the homestead property tax credit to $196,500 and index that threshold to a house‑price index instead of CPI; no committee vote was taken.
The House Committee on Finance on Oct. 21 heard testimony on House Bill 4088, which would raise the taxable‑value phase‑out for the homestead property tax credit to $196,500 and index that threshold to the house‑price index instead of the consumer price index, sponsor Representative Slaw said.
Supporters told the committee the change is intended to reduce out‑of‑pocket property‑tax increases for long‑time homeowners and first‑time buyers as…
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