Committee hears implementation issues with residential exemptions; assessors propose timing fixes
Committee and county assessors reviewed rollout issues for the 4% cap, 25% homeowner exemption and long‑term homeowner 50% exemption, including confusion about deadlines, residency rules (eight‑month test) and proration when property sells after an approved application.
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Members of the Joint Revenue Interim Committee reviewed implementation issues that arose after passage of recent residential property tax measures: the 4% cap on increases, the 25% homeowner exemption (senate file 69) and the 50% long‑term homeowner exemption. Department of Revenue staff and county assessors described operational challenges and proposed administrative fixes.
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