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Prop 1 Would Allow Local Option Of Increasing Residential Property Tax Exemptions

By | August 20, 2012

A measure on next week’s primary election ballot would allow the local option of increasing the residential property tax exemption from the current $20,000 to a maximum of $50,000.  If approved, municipal voters would then have to O.K. any change. Local government could also adjust the exemption to reflect increases in the cost of living.

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