Increasing the extent of property tax exemption from the statewide school levy for residential property.

Also relevant to:Homeowner

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Plain-English Summary

This bill increases the amount of home value that is exempt from the statewide school property tax. Currently, $75,000 of a home's appraised value is exempt. If this bill passes, $125,000 of a home's appraised value would be exempt, starting in the 2027 tax year.

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