Its a homestead exemption. Folks just living in their homes will be under less pressure to sell. Folks renting out homes will continue to pay full tax. With the behavior of property valuations, this seems rather humane.
replyMy question was about the impact to state revenues and associated services. Are you suggesting that because it doesn't apply to "investment" homes, the actual impact to state coffers will be minimal?
replyNot being nitty, just didn't follow how your point connected and wanted to make sure I understood it.
Doesn't affect the state just localaties like counties and cities.
replyOptions are increase millage rate, increase user fees, spending cuts, state revenue sharing, and sales tax increase (limited and must be voter approved)
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