Council approves increases to elderly-property-exemption thresholds aiming to preserve benefits for prior recipients
Council approved updated elderly-property exemptions that raise assessment thresholds by age band (e.g., proposed 75–79 exemption to $250,000 and 80+ to $375,000) to maintain the same approximate number of full exemptions while preserving eligibility for low-income elderly residents.
The full story
The city council approved changes to the elderly-property-tax exemption intended to keep roughly the same number of residents fully exempt from taxes while updating assessment thresholds to reflect valuation changes.
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