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Cole County adopts senior real estate property tax relief ordinance after months of debate
Summary
Cole County Commission voted to adopt a senior real estate property tax relief ordinance, effective with the 2025 assessment, after extended discussion about potential revenue impacts on local taxing districts and how the program will be implemented.
The Cole County Commission adopted an ordinance establishing a senior real estate property tax relief program that will take effect with the 2025 tax assessment.
The ordinance, passed at the commission's Dec. 24 meeting, permits eligible homeowners to freeze the assessed value on their primary residence beginning with the 2025 assessment year. County officials said the ordinance gives local elected officials and staff the authority to develop forms, rules and procedures needed to implement the program.
Commissioners and other meeting participants debated the measure for roughly an hour. Supporters said the program will offer relief to…
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