House GOP fix homeowners exemption

The House has voted 55-15 in favor of HB 431, the bill to remove the indexing from the homeowner’s exemption from property taxes, instead just fixing the exemption at a maximum of $100,000. Five Republicans and 10 Democrats voted against the bill; 51 Republicans and four Democrats voted in favor; the bill now moves to the Senate side. … The homeowner’s exemption shields half of the value of an owner-occupied home and lot, up to a maximum cap, from property tax. It doesn’t change the total amount of taxes collected; if the homeowner’s exemption goes up, all other types of property taxpayers in the district pay a little more to make up the difference; if it goes down, they pay a little less/ Betsy Russell , Eye on Boise. More here.

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